Thanks Prada for the update. Tata Mortors was a good call. Closed short for 12K+. As per your call, it is still short.
Positional trading requires patience and clear psychology. I need to build up on both. Do post on these subjects if you can, as its as much necessary as understanding the trends as well as the technicals.
Positional trading requires patience and clear psychology. I need to build up on both. Do post on these subjects if you can, as its as much necessary as understanding the trends as well as the technicals.
Nifty Update: Going forward 5920 spot will act as stiff resistance and we are surely heading lower. As long as 5920 is not taken out decisively on a closing basis, Nifty will make an attempt to test 200 day EMA in the next few weeks. Biggest drag on the index going forward will be the heavy weights RIL and ITC and most obviously Bankex. All the best to your trades!