CMP: 5278
SUMARY of Key Levels for:
1. BULLS : Need to Break out > 5330
2. BEARS : Need to Break down < 5216
Nifty is poised delicately as of now, Wk & Day trend is DOWN, but Month is still supportive (if 5205-5220)is protected.
VOLS are low on weekly & Monthly, so one should be careful with SHORTS
SMO SAR VERDICT:
Had closed all balance 50% shorts (created @5325) @ 5263 on Friday. (21EMA, 5mins as TSL of the Fibbo -LIFO trade )
For the pure SAR TRADER:
Since EOD close was < 5294,
Carry 50% short with TSL @ SMO SAR = 5301 (change in direction of 5DEMA will happen here EOD)
EOD, Wk & Monthly T/F charts for your view
cheers
SUMARY of Key Levels for:
1. BULLS : Need to Break out > 5330
2. BEARS : Need to Break down < 5216
Nifty is poised delicately as of now, Wk & Day trend is DOWN, but Month is still supportive (if 5205-5220)is protected.
VOLS are low on weekly & Monthly, so one should be careful with SHORTS
SMO SAR VERDICT:
Had closed all balance 50% shorts (created @5325) @ 5263 on Friday. (21EMA, 5mins as TSL of the Fibbo -LIFO trade )
For the pure SAR TRADER:
Since EOD close was < 5294,
Carry 50% short with TSL @ SMO SAR = 5301 (change in direction of 5DEMA will happen here EOD)
EOD, Wk & Monthly T/F charts for your view
cheers
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