NIFTY : I am indecisive. I am not willing to trade for a direction . Falls are too slow , the 5 ema in daily charts is getting lifted up each day. That's the classic indication of uncoiling of spring to upside. Yet , I am in doubt. LONG trades , my guts not allowing to go for it.
INFY results could not lift the market up and the way Bank Nifty has cracked down on Friday wait and watch mode should be the game.
Desperate Traders would pay the price.
STOCK PICK : HDFC BANK
Banking is cracking .
I will like to SHORT IT . Options here are dry , will have to use futures for this.
Close below 5 ema in daily , MACD calling shorts and close below trend line .
Hard and Very Hard SL @ 680 and a Quick Reverse trade to LONG SIDE above 680
It should mint money either ways for me , I will start with SHORTING it , everything to me says to short ,moreover big HnS in 5 min is not to be missed for a bet.
SS
INFY results could not lift the market up and the way Bank Nifty has cracked down on Friday wait and watch mode should be the game.
Desperate Traders would pay the price.
STOCK PICK : HDFC BANK
Banking is cracking .
I will like to SHORT IT . Options here are dry , will have to use futures for this.
Close below 5 ema in daily , MACD calling shorts and close below trend line .
Hard and Very Hard SL @ 680 and a Quick Reverse trade to LONG SIDE above 680
It should mint money either ways for me , I will start with SHORTING it , everything to me says to short ,moreover big HnS in 5 min is not to be missed for a bet.
SS
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