April 24, 2015

NIFTY futures intraday charts

- initial trade on short side as markets break yesterday's low (did not trade)
- trailing SL gets hit
- next long trade also stoplossed as yesterday's low becomes resistance for the day
- incidentally I took only the long trade today as I was getting slowly bullish on the market.
- did nothing thereafter and ignored the 2nd short trade.
- in hindsight, sitting tight after short trade was best strategy had one considered SL around 8370 F

- next week, expect strength above 8370 F

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