Market has reached to greed & my system profit taking limit.
Half lots booked in Nifty @ 11290.... total 535 points & half BNF booked at 28300... total 1200 points. Will look for some dip to enter again these booked qty.
Off course, wanted to talk you. Good short taken :up: just posted a common thought for all. Should had replied on your post as you might only took this. But personally I do not want to interrupt anybody's trading thoughts as everybody trades with its system.
Crude is not reliable for positional short... Book profit before EOD. It is not in bear trend yet. Next week it should go on long side.
My system is not showing any reliable signal as of now on any side so sitting on sidelines.
Yes, it is bearish for very short term, may be 2-3 days, can go below 3900 as well on MCX. But it will recover soon & will give long signal again on LTF. Then we have to see if it gives BO & sustains on Daily or not. In medium term it is bullish.
We will burn our fingers badly if we take any...
Blocked huge margin for this position ? It is fine as it was only for one day. If you can maintain this margin then you can earn massive in Cash/ Index/ Commodity (Crude) Futures as well... I believe that you are trading other things as well.
Who says market does not have brain..... higher lows are in formation along with slowly increasing pivot highs in Daily.
If Modi ji/ Pakistan do not do any strike further then this will convert in a massive rally ahead, market is very cautious these days... election is also a trigger ahead...
It was bound to sustain & made a fresh high above 4100. Trend was strong & up. This news led downfall & it broke major support @ 3985.
Supply/ Demand is strong component for Crude oil/ Commodities.