Hello All,
As Nifty traded below our support of 7400 it has come in downtrend. We are short in it at around 7401 and will hold our shorts with trailing stoploss which is placed at 7500 currently.
Dear All,
As Nifty traded above the reversal level at 7460 it has come in uptrend now. We will hold out longs with trailing stoploss which is placed at 7400 currently.
Hello All,
Reversal level of 7400 was breached yesterday thrice, couple of stoplosses were there. In the end market closed below 7400 making us taking shorting position in Nifty. Trend is down currently with the reversal level placed at 7460.
Hello Dear,
First understand before commenting. Read my all threads from beginning if you have some patience and willingness to understand others.
I have mentioned already that we are following the trend and we are always in the market, either long or short.
Now if my stoploss triggers( its...
Dear Trader,
Please take note of my assumptions provided at the first post made in this Thread. I stated in that we are trend followers we do not try to predict the market. Thus i can not say any thing about the Nifty outlook. Only thing i follow is the trailing stoplosses which is placed at...
Dear All,
My stoploss was 7940 for today which was triggered in the morning itself. I covered my longs and went short in Nifty at 7928.
Stoploss for shorts is placed currently at 7970 levels.