You can trade with gut feel.. thats like trading like a monkey!
Be informed.. trade with the right trending signals..
You can follow the technical trades which for today gave a profit of 100 points excluding the massive gap down opening today through a total of 7 trades which included three stop loss levels. With cost of each trade being around 3 points each, overall a net profit of 89 points.
You can also follow the Camarilla formula guided trading levels which for tomorrow are :
For long trades:
Buy at 5429 if nifty kisses that level and moves up for targets of 5495,5511,5527,5578,5606 and 5633. You can increase quantities that you hold or initiate fresh trades at 5527 and 5578 levels. Strict stop losses of 4 points for any trade.
For short trades:
Short at 5527 for targets of 5462,5445,5429,5479,5353 and 5327. Increase quantities or initiate fresh shorts at 5429 and 5479. Strict stop losses as usual. 4 points for nifty and Rs 2 for all calls.
Trades can be entered multiple times in the direction (long/short).
Good luck.. and See you tomorrow.
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