I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Monday 20 April 2015

Nifty Positional View - 20.04.2015

Positional: Mkt is moving down as expected. Exited & Shorted near 8800 NS as per plan.
Hope everybody is enjoying the Downtrend !!

Now, Nifty has broken all supports (& there is none for a Downtrend).. Exited 50% shorts at today close & Still holding rest with SL at 8620 NS.
Although LBB can be a decision point with confluence of old DP & TL, but No plan to buy till the Screen says "We are Reversing !!"


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2 comments:

  1. A22 April 2015 at 17:00

    Hi deven sir,

    Can your positional view method traded with nifty options? is it profitable?. .

    Regards
    Arun

    ReplyDelete
    Replies
    1. Deven Malhotra23 April 2015 at 08:57

      Hi Arun,

      Yeah, it is indeed. Even I used to trade options a lot. So anybody can..

      One experience - Options buying can provide profit very well Intraday & fast moves like yesterday. For Positional, If you can Sell Options, its really rewarding ! Though it needs some additional investment, but worth it !

      Thanks,
      Deven Malhotra

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