Trade Plan 25th Feb :

NIFTY :  All stocks are turning bearish. I see no room for any bull comeback in near time. I want to trade few stocks rather Nifty. Nifty may stay range bound or fall . I am not willing to burn my head with range bound movement , I want movement , stocks have it with them.

I have 3 in my kitty , 2 short and 1 long.
Lets start with Long :

 IFCI :  Once upon a time , fortunes used to tick with ifci.
              So when the banking license fuss is back , why not use the trigger.

I see a upside in coming sessions. Lets go LONG with SL 32
Target stays 36 (where 70 percent longs should be booked) and next 40 (for remaining 30 percent)
Current Spot : 33.35

Below are 2 simple daily charts which back up my speculation :

SBI : Trader's Delight.
          I want to SHORT.
Aggressive Shorts here , with SL near 5 ema 2238 . If price go in Red , Intraday player like me will block the SL @ 2200. If it ticks slight or in green , I will attemt to ax it down with SL 2238.

AXIS BANK :  Long Bull Run and no profit booking ?
                          MACD has answered it all.

Stocks are offering a lucrative opportunities to play Shorts.
Don't sit at the shore any more , dive in ....


P.S I had to close United Spirits feb calls in handsome loss. But I have not forgot. I have my gun greased , will load in with March Calls very soon.


SS