Setting up traps to catch novice traders

[sachin_jain3]

the market is changing the directions. I think its going to move down for the next couple of weeks. So maybe shorting is a better option now. Resistance looks to be in the range of 3442-3476. So here is the trading strategy for today:

Sell above 3442 with SL 3481 with a target of 3320.

 

[sachin_jain3]

the trend is downwards so better short. The resistance is in the range of 3360 3390. So here is the trading strategy for today:

Short above 3360 with SL around 3396 and target 3251

Thanks,
Sachin

 

[sachin_jain3]

market has taken over the resistance identified for shorting. The next resistance is in the range of 3411 - 3426. here is the next short setup

Sell above 3411 with SL 3431 and target 3326

 

[sachin_jain3]

I think we should continue to short, the short term trend is still down. Here are some of the calls that can work, this time some stock calls as well:

ABB - sell above 549 with SL 561 and target 510/490
Bhartiartl - sell above 725 with SL 741 and target 671
Infosys - sell above 1380 with SL 1391 and target 1336
ITC - sell above 191.7 with SL 193 and target 184
Nifty - sell above 3400 with SP 3424 and target 3341

Sachin

 

[sachin_jain3]

The trend continues to be downwards. Trades for today:

Nifty - short above 3380 with SL 3404 and target 3321
Infosys - short above 1380 with SL 1391 and target 1363
ABB - short above 524 with SL 536 and target 510/490
SBI - short above 1268 with SL 1286 and target 1236
JPAssociate - short above 117 with SL 122 and target 111
STERLITE - short above 373 with SL 380 and target 340