CMP : 5280
Will keep it very short, sweet & simple today, bcoz that's how the day was !
Obsv for SMO SAR:
1. EOD Price closed << 5DLEMA (Bearish, carry shorts opened @ 5429,
2. Be mindful of support zones : 5225-5260
3. Crucial TL Breach today @ Opening below 5259
4. Fall is on LOW VOLS, @ ODDS with PRICE TREND. Keep eyes open for ST bounce
5. 5DEMA firmly below 10DEMA
6. Pls RE-READ ysday's post on Weekly T/Fs.
Price was already below 5WkHEMA & now has gone below << 5WkEMA @ 5335 today & has HIGH PROBABILITY of seeking out 20WkSMA @ 5066, if supported by VOLS !!
SMO SAR VERDICT:
1. Book 50% Shorts @ 5225-5260 zone
2. Carry the remaining Qty, till you see change in slope of 5DEMA (to be calculated on the FLY)
cheers
Will keep it very short, sweet & simple today, bcoz that's how the day was !
Obsv for SMO SAR:
1. EOD Price closed << 5DLEMA (Bearish, carry shorts opened @ 5429,
2. Be mindful of support zones : 5225-5260
3. Crucial TL Breach today @ Opening below 5259
4. Fall is on LOW VOLS, @ ODDS with PRICE TREND. Keep eyes open for ST bounce
5. 5DEMA firmly below 10DEMA
6. Pls RE-READ ysday's post on Weekly T/Fs.
Price was already below 5WkHEMA & now has gone below << 5WkEMA @ 5335 today & has HIGH PROBABILITY of seeking out 20WkSMA @ 5066, if supported by VOLS !!
SMO SAR VERDICT:
1. Book 50% Shorts @ 5225-5260 zone
2. Carry the remaining Qty, till you see change in slope of 5DEMA (to be calculated on the FLY)
cheers
i like the way you are trading these days.. keep it up..but you have still not answered my question Mr :) :) :)
ReplyDeleteHow do i do this for other equities? i mean individual equitites?
come OL buddy....
ReplyDeleteidhar kitna likhwaoge ;-)
Wow....
ReplyDeleteFrentic Activity @ opening
Booked 50% @ 5235 (195 pts, did not wait till 5225) ,
& now booked balance 50% @ TSL i.e 5360 (70 pts)
Trade Systematic, profits automatic :-)
cheers