Trade 3 closed and Trade 4 opened

We had a freakish day today thanks to ANNA. Our TSL has got hit and now we are back to long from 4920 levels onwards. This was not an unexpected move. If you see my earlier posts I had clearly mentioned confusion will prevail for 2 days. So every 2 days there is a trend change. But the velocity with which we have broken this 4920 is a good sign for us to believe that intermediate bottom is made. Lets hope we dont get stopped out tomorrow because that will dent our portfolio in a little big way. These are testing time for traders and their belief in their own strategies. Please be unnerved and trade without fear.

With 2 days of Trading holiday coming right at the middle of this week, I expect profit booking and Nifty moving down tomorrow afternoon onwards.

We welcome longs with Stop Loss and Reverse at 4718 (close).

The stoploss and short area for us would be

29th August Long Nifty at 4920

29th August Stop Loss and Short at 4718 (on close).

Please remember the setup will change its trend only on close below 4718.

For intraday trade views you can look at techtrendcapital@facebook

Trade	Buy	Sell	Buy Date	Sell Date	Capital Deployed	% Nett 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%
3.Short	4920	4875	29/08/2011	25/08/2011	100000	27.4%