Trade Plan 8th March :

To start with , why did I attempted a short yesterday with SL 5855 ?
The outcome is no wonder a burn in my pocket but why i did so ?

The answer is simple , with things giving a praiseworthy pull back , Nifty 22 ema near 5850 was only the last hurdle for bulls in neartime. When we were near 5832 , I gave a shot with SL 5855 , but alas Bulls are back with a stab.

Friday is a Important Day. Today's Close has significant Meaning in Weekly Charts as well Daily Charts. If prices sustains a close above 22 ema (5850) today , Close your shorts before they close your account.
I want to LONG each dip with SL 5814 (Nifty 13 ema and a support Line)

Below Daily and Weekly Chart illustrates all , with the simplest of charting since the first post of the blog.

If you want to avoid the burning of head watching Rangebound moves when you are long in Nifty , be smarter.

Pick the Most Beaten stocks in the recent carnage ,
They should rally beforehand Nifty does.
Where are those Tata Steel , Hdil , Sbi etc ?


SS