Today is a dream day for every trader. Less mehnat,more aaram,but same profit.
Throughout the day we got multiple selling opportunity in the Nifty. Pls. see the trade setup chart for them. In the morning I shorted for an initial 10-15 pointer, but once that triangle breakdown happened around 11 am it was a cool ride downwards.
At every pivot Nifty faced some resistance. Fortunately for me my 2542 order got filled. The o/h/l/close for 20 Nov 2008 was around 2548 +/- so I was expecting some support around that region.
(Calculate ur pivots -http://www.earnforex.com/pivot_points_calculator.php)
Readers can note that they can go long/short as per the direction of the trend with the close of the first 5 mins candle with the days low/high as stoploss. This trade has a high success ratio for 10-15 points gain.
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