Tuesday, 7 February 2012
When will I learn to CLick ?
Twice nifty reached the 5400 lvl where I wanted to go short ...Reason
1) -ve divergence seen in day chart yesterday
2) Nifty gapped up and opened at Channel Top .
3) Golden ratio 61.8 % done at 5404 from the fall 5944-4531.
Good enough reasons to go short ..with SL=5414 day high ..Just 15 Points risk and good gains .
so
4) risk to reward ratio was also favorable .
5) Hour SAR triggered "sell" at 5364 .
1) -ve divergence seen in day chart yesterday
2) Nifty gapped up and opened at Channel Top .
3) Golden ratio 61.8 % done at 5404 from the fall 5944-4531.
Good enough reasons to go short ..with SL=5414 day high ..Just 15 Points risk and good gains .
so
4) risk to reward ratio was also favorable .
5) Hour SAR triggered "sell" at 5364 .
