Nifty opened gap down after a
very long gap, but we could track each and every level on the down side and
treaded carefully to avoid trapping at the end of the down side rally. It was a
perfect trade till 11929 and there after just 20 points down which we avoided.
11929 was identified as the reverse level and we went long with CE options.
Strategy for the day : Focus
on 12000/12050 CE of current week or next week expiry and this should give
fabulous returns. Stop loss for this long trade is 11929.10.
Always accept that market is
supreme. We are a small investor and if we
want to remain in market to make our earnings, we should develop patience,
identify the levels and wait for the direction. Your capital is immaterial and
you can grow with a very small amount.
Remember, ocean does get more water out of little drops of rain than
from the rivers.
Good Luck!
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