Intraday update1

update at 1:00
5 ema did not cross 10 ema . Now that nifty bounced back Lets see if exiting the trade was a good move , or paitiently waiting for 5 ema to cross 10 would have giving higher gains .
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at 12:30
My obervation is if I wait for 5 ema to cross below the 10 ema for exit I am lossing a few points , compared to if I exit on a close below 5 ema . ( 5 min or 15 min candle)
As we entered this position at 4745 looking at the Hour MA channel , exit looking at Min candle can be more appropriate.
This is what I think at present . More observation is reqd to say it with more confidence.

So saying that , currently Trailing SL of 4886 hits as Nifty spot goes below it .
I could have exited in various ways lets see which gives max gains.

1. The 5 min candle at 11:55 did close (4782) below the 5 ema then @ 4786 ...so close position at 4782 .
2. The 15 min candle at 12:00 did close (4779) below the 5 ema 4786 ...so close position at 4779.
3. Wait for 5 ema to cross below 10 ema.
4. As the trigger line (yellow ) comes back in the channel below 5 hour high ema . accordingly close position at 4782 .

Lets see which one is most beneficial .

Presently closed position at 4782 .

Date	Position	Size	Entry	Sl	Part/Booking	Exit	P/L
15-Dec-11	Buy	100	4745	4700
16-Dec-11					50	4795	50
					50	4782	37
							+87