NIFTY : As expected , today was a green day.
But alas , is it the pullback ? Would be too early to comment , the bounce was not impressive enough.
Impressive pullback would be close above 5650. If it comes, I would find a entry point for target 5850 very short term.
Weekly Nifty stays in BUY mode , its not an amazement that if selling has come in the first half of the week, the later half will pull it back ...
I am BULLISH as before until and unless we clock below 5550.
Today I traded Nifty on long side :
Positive Divergences on 2,15,30 were neatly present during intraday.
November Series :
1st Trade : 5600 CE @ 97 Sold @ 110
Return : 12 percent Capital Appreciation.
------------The opportunist.
I am EYEING only BUYING opportunities currently.
I squared off my well picked longs intraday because the big fall yesterday was closing with a minor pullback. This is sufficient to warn me before carrying overnight calls in spite of me being bullish.
This week I am engaged at other assignments hence wont be able to post LIVE TRADE updates.
Next week on wards , enjoy the trade as soon as they are initiated.
But alas , is it the pullback ? Would be too early to comment , the bounce was not impressive enough.
Impressive pullback would be close above 5650. If it comes, I would find a entry point for target 5850 very short term.
Weekly Nifty stays in BUY mode , its not an amazement that if selling has come in the first half of the week, the later half will pull it back ...
I am BULLISH as before until and unless we clock below 5550.
Today I traded Nifty on long side :
Positive Divergences on 2,15,30 were neatly present during intraday.
November Series :
1st Trade : 5600 CE @ 97 Sold @ 110
Return : 12 percent Capital Appreciation.
------------The opportunist.
I am EYEING only BUYING opportunities currently.
I squared off my well picked longs intraday because the big fall yesterday was closing with a minor pullback. This is sufficient to warn me before carrying overnight calls in spite of me being bullish.
This week I am engaged at other assignments hence wont be able to post LIVE TRADE updates.
Next week on wards , enjoy the trade as soon as they are initiated.
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