CMP: 5380
If one had traded long from 5430 day before ROBOTICALLY, would have ideally made 23 pts
50% - @ 5490 (60 pts)
& balance 50% Stopped out today @ 5415 (= -15 pts) , Avg = 23 pts
For Tomorrow:
Tomorrow is a Friday, Weekly close on view. Have uploaded the Weekly Chart again,
Weekly Support kick in @ : 5300 / 5360 (5WkEMA)
Daily charts:
1. Supports : 5370 / 5334 / 5274
2. Resistances : 5405 (20DSMA) / 5429 / 5480
SMO SAR VERDICT :
1. Price closed < 5DHEMA (@ 5439), C1 Satisfied for SHORTS, ON RED ALERT
2. 5WkEMA , 5DLEMA both @ 5360, may Support EoWk ??
2. When to go short ?
Ans: When we get 5-10 DEMA BEAR X-over. ( price trades & closes below 5360)
Summary:
Wait for EOD (till 3:00pm) & short ONLYonce price trades below 5360, for a HIGH PROBABILITY SHORT TRADE
cheers
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