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.
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
This morning shorted at opening... trade active