as expected, Nifty continues its downward trend. Swing shorts should have been booked at 2630 yesterday and swing longs should have been opened at those levels with 2600 SL . I planned to square off my swing longs at 2600 and open swing shorts again at 2600 with SL 2630 for tragets 2400-2450 however hiven NS was still trading above 2600 I decided to give my swing longs today as well to see in case NF bounces above 2600 today. If NF does bounce above 2600 today I will keep 2590 as strict SL.
Yesterdays magic numbers made a huge impact, I shorted at 2665 (my M4) with SL 2675. Once it broke 2645 (my M3) it was a non stop ride to my 2685 (M2). I had exited swing shorts at 2690 though.
Todays Magic Levels
NF - 2520, 2550, 2590, 2625, 2655
Cheers
SH
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