This trade is lesson for everyone of Us. We took short positions around 8200's based on our analysis with stops above 8300's but Nifty straight away raised to 8300 and niggled with those levels and turned back to profits.
That's why every trader should be really patient & dont change anything after fixing their stops and targets.
Always follow your plan it will be rewarded for sure ! Happy Trading !
Great analysis. Nifty rallied up to nearly 8300.. Do you think it will get past 8300 or do you think it will fall?
InsiderB
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@VPS, At this moment I don't have any valid reasons to predict Up or down move. But there is channel formation in Nifty (hourly), so any direction possible. If it moves up, my stops will hit. Thats it :)
yeoledinesh
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Following the same
InsiderB
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All the Best, Dinesh !
Affu-Rida
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thanks
InsiderB
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You're welcome djhimmu
yeoledinesh
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No change , waiting for market fall
InsiderB
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Yes.. Nifty is flat after RBI meet. Though RSI gives bearish divergence there is no significant fall. Market is Master always, so lets wait