Positional
All the gains washed in NiftyNifty today gave gap up opening, which was a bit of a surprise for us shorters but it has now washed away all the gains of the today, it is even filling the opening gap, this is indicative of the bearish momentum in the market picking up.
It might be little early to speculate, but I'm starting to see the possibility of this being last bull leg in positional as well, we might have a significant correction in Indian as well as global markets.
Natural Gas BuyNatural gas ⛽️ buy, very long term positional trade, high profit potential, going to see how this plays out, went long with 0.1 leverage
AXISBANK- LONG (Positional)My Long trade on Axisbank is active (its a positional trade for a week or maybe more)
Entered 1 Lot in FUT when spot CMP was 536.5 (Present CMP is 536.5-536.7)
SL is below 530.7 (6 Points)
TGTs: 460/475/500
This was discussed in the video I had posted yesterday on my views.
Everything is in the video on why I carried out the trade. Please check.
Link: www.youtube.com
TRENT Bull Channel Third Push UpEntry - Around 600, near the trend line
1st Target - 695.25 ( A bit lower than the previous swing high)
2nd Target - 795.05 ( Top of the channel and also a previous strong resistance)
Rationale - TRENT has been moving in a parallel bull channel with bull candle volume outweighing the bear candle volume. The 61.8% retracement level was also breached indicating strong bullish pressure for the 3rd push in the channel.