Performance report of 20.08.2009

Finally... Happened... What Was Destined... for ICICIBANK & JPASSOCIATE

Hah!
Friends -
We play here Nifty and not global cue. What next has to happen with Nifty - it itself tells you in EOD scan one day in advance. This bloody global factor simply changes its playing range. And the art is to identify Short Squeeze/Bull Trap/Bear Trap during mkt hrs - that's all.

Today, i knew that at the end, it is going to fall. And what happened? It simply changed it's playing & S/R range due to global factor but at the end? It did what it was destined for.

When i asked friends to short nifty when it was going to kiss 4500 - several of them downplayed me. No problem. It's their choice. If you feel call is uncomfortable - ignore it, because, it's your money which is going to play. But i feel sorry for them who instead of shorts went long just before 4500.

In first half of play trade not initiated as Nifty opened out of its range. Later it showed that it has done so due to global pressure. In later half those hidden divergence played.
Look the statistics :
  • ICICIBANK Shorted @ 732 & covered @ 715
  • JPASSICIATE Shorted @ 213 & covered @ 208
  • Nifty Swing (in short play) profit 30 points.
Net Gain 17 + 5 + 30 = 52 Points Net Gain.

By the way see 3IINFOTECH. It's zoooooooooming. Relish it. Trail stop loss. Should show 90 level shortly. Just wait.

Do not worry about UNITECH call. It will come up.

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