Wednesday, March 14, 2012

SMO SAR for Nifty ji: for 15th Mar'12

CMP : 5464

Kicking myself for not BELIEVEING IN THE  LONG TRIGGER!!

would have made 70 pts BTST .... the best trade possible... Anyways, no complaints.... better stay out when unsure.

For tomo:

SMO SAR verdict:

1. If entered long @ 5425-5430 ysday, one shuould have ideally booked 50% @ day open (had indicated RESzone @ 5500, refer ysday post) .

2. Balance 50% can be carried  @ 15 pts below entry i.e 5410-5415... or

3. Be ROBOTIC & carry LONGS from 5425. TSL , is when 5DEMA changes SLOPE (will happen if we close EOD roughly below 5390)

cheers

PS: No big TAKEOFFIn VOLS... makes me doubt if this UP move will last ...





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