Dear All,
On 4 th Aug we have gone short on market at 4700 levels for target of 4500, 4380, 4250 , Today nifty hit day low at 4399.80 quite close to our second target.
Now trail stoploss of 4580 on closing basis for target of 4380, 4250 in coming days .
Today's Intra day Report card-----
1. short Nifty at 4490 target 4450, 4425, 4400 stoploss at 4515 First target achived
2. Short Nifty at 4475 target 4450, 4425, 4400 All target achived
Note on Today's Nifty trade setup.----------
Today was the classical case of trendline resistance on 5 min charts , When nifty 5 min chart taken resistance third time at 4495 level it was clear indication that we have to go short but we waited till 4475 in our second call to test the weakness of market and gone short at 4475 for target of 4400 which we have success fully achived , kindly see the chart.
Thanks & Regards
Abhay Mehrotra
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