Nifty looks exhausted for upmove. Expecting downside
Nifty is looking exhausted for up move, look to short at 25150 in future. For target of 24800. Keep SL 25300.
Rationale-
Macro picture of other charts look for a downside will be played. Nifty will not remain up if US and other market fall.
https://www.tradingview.com/x/3nuDC0en/
FII are not covering position even after positive news of GST cut.
+
Negative news if weekly expiry is gone.
so I don't see any positive triggers for now.
My ideas are thesis base, after which I see chart and take position.
So I have a view global markets are selling off, Indian market positive news are now discounted. And we now do not have any other positive trigger.
So I am selling at 25150. Trade active
Rationale-
Macro picture of other charts look for a downside will be played. Nifty will not remain up if US and other market fall.
https://www.tradingview.com/x/3nuDC0en/
FII are not covering position even after positive news of GST cut.
+
Negative news if weekly expiry is gone.
so I don't see any positive triggers for now.
My ideas are thesis base, after which I see chart and take position.
So I have a view global markets are selling off, Indian market positive news are now discounted. And we now do not have any other positive trigger.
So I am selling at 25150. Trade active
Dagangan aktif
CMP 25020 Move SL to 25150. No loss trade now as SL is moved till selling price Dagangan ditutup secara manual
Closing trade manually at profit of 200 points. at 24950
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.