15th Feb , Black Friday ?

Yesterday I had a disappointing day.

1st Nifty Long Trade had to be closed in loss.

2nd Sbi Long Trade had  again to be closed in loss.

3rd Sbi Short Trade recovered few losses.

4th Nifty Short is still a Running Trade.

I had in my trade plan to go short below 5900 for 100 point target slide.  My Nifty shorts were taken positional with same point of view.

 " Cheat me once , shame on you.......... , cheat me twice , Shame on Me "

With this confidence , lets see what is the plan for Friday...

NIFTY :

SHORT is my direction. A bright possibility of Black Friday.

Positions are already traded , I will place a comfort stop (little wide) and concentrate on few stocks rather. I am in no mood to close positions before 5940/5920. Probably we will open GAP DOWN and 5901 will be a good SL (almost cost price)

Below Weekly and Daily charts are self explanatory of my Nifty Views :

Whoever said not to put all eggs in one basket  must be a Trader not poultry expert.

Let's dig few stocks and plan how to trade them today :

12:08 PM 

Just securing the Nifty Shorts , SL slight above cost and relaxing.

Not for weak hearten :
I went Long in McDowell for Intra day @ 1870

Please long TATASTEEL , please study some rocket science and derive a conclusion to long it , but believe me your money will be in MY POCKET.

1:19 pm

Booking Mc Dowell @ 1911
Nifty , Tisco shorts still running

1:32 PM

Ever Dipped Ganga ?
For Nifty now at 1:30 pm , Current : 5872
Clip your nose , close your eyes and get ready for a dip.

SL @ 5882 now


1:52 PM 

1..2...3.... Magic Start

2: 30 pm

Magic could not happen.
Magic finish.

SL got Hit.
30 min Macd has magically posted a crossover with bullish engulfing.

Wrapping up tisco as well.


Never mind , a satisfactory day.
Done for today. 



SS