Thursday, 9 May 2013

Trade Plan 9th May and Jackpot Trade :

Nifty :  Yesterday candlestick with dip in volumes have made bears a bit impulsive. But wait , you know it , how I prefer to open trade.

They call it hanging man. Let's take it.

With dip in volume , it can be in play. But it needs a validation the next day that is today.
A Gap Down and a intra-day scalp for short side.
A Gap Up ( hanging man would get negated) , long positions can be made.

I am not willing to short as MACD lines and histogram are massively bullish. Stay out to trade nifty if we see a gap down.

Jackpot Trade :

LONG HDIL
Current Spot : 56
Target : Upside Breakout with sky high limits.
Stop Loss : As per position size.

Daily Charts are highly convincing . Can't Miss this.


SS

No comments:

Post a Comment