Guys,
So today i was short on Adaniports future 30th March and hit a loss of 5k. i am clueless where i went wrong.
1) The daily/monthly candlestick showed it should be on bearish side today as well.
2) The bid/ask ratio showed heavy seller side majority.
Based on (1) and (2) i was pretty sure it should go down, although initially market was flat.
Although the market initially was flat, but later started going up, where it hit my stoploss.
I am clueles, what drove the future price up, other than (1) and (2) above.
Kindly suggest.
So today i was short on Adaniports future 30th March and hit a loss of 5k. i am clueless where i went wrong.
1) The daily/monthly candlestick showed it should be on bearish side today as well.
2) The bid/ask ratio showed heavy seller side majority.
Based on (1) and (2) i was pretty sure it should go down, although initially market was flat.
Although the market initially was flat, but later started going up, where it hit my stoploss.
I am clueles, what drove the future price up, other than (1) and (2) above.
Kindly suggest.