We have got back into a short position again ... these whipsaws are generally a part of long range movement ... if you see my earlier post, I had mentioned "Generally after such a long trend we wouldnt be followed by a major trend" ... this is what exactly happened.
I also dont think we would make another large move until unless previous lows in Nifty is broken.
I also dont think we would make another large move until unless previous lows in Nifty is broken.
So currently we have squared off our longs and have got back to short position at 4875 (September expiry ... Premium of 10 to August expiry).
The stoploss and long area for us would be
25th August Short Nifty at 4875
26th August Stop Loss and Long at 4962 (on close).
26th August Stop Loss and Long at 4962 (on close).
Please remember the setup will change its trend only on close above 4962.
For intraday trade views you can look at techtrendcapital@facebook
| Trade | Buy | Sell | Buy Date | Sell Date | Capital Deployed | % Return |
| 1.Short | 4922 | 5572 | 23/08/2011 | 27/07/2011 | 100000 | 32.5% |
| 2.Long | 4922 | 4865 | 23/08/2011 | 25/08/2011 | 100000 | 29.7% |
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