Today there were at least three bearish candle patterns that I could see. Nifty is on the way down. There could be some volatility due to expiry but the path forward is down.
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If we are going to suffer from mismanaged socio-economic management then we might as well reduce our pain by going short.
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I forgot to mark the bearish double tops which are inherent in Tweezer Tops.
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Additionally, the recent three day upswing failed to cross the 50% retracement of the fall from 15th May to 23rd May.
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Now might be a good time to short... gap touched in futures market
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Went long @10585... Seems to have gained some momentum... purely an intraday trade... my basic position is bearish
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Closed @ 10625... modest gain of 40 points but decent profit with multiple lots. I guess the markets are such that one has to be nimble and quick to grab profits.
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Shorted again @10649 May fut
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10649 short trade closed with very small loss. This morning shorted at opening... trade active