This is a blog to track my daily nifty trades (positional and intraday). This is to bring discipline in what I do and make sure that I follow my plan.
As my first post, I will mention yesterday's trade which was a long on a trend day and I captured 133 points net of cost.
March 5, 2019
I went long at 10878 yesterday as nifty was in uptrend and gapped down near 200 EMA 5TF and S2 pivot. As a green candle emerged and both these levels were rejected, I went long with initial SL of 10842.
As it happened to be a trend day, I kept trailing my SL and and finally closed at 11015. Overall a good trading day.
March 6, 2019 Pre market
Markets are strong and trending. Yesterday was a wide range day so today would be a good day to see if we continue the momentum or consolidate. My strategy would be to look for longs near 10970-11000 or if there is a test of 200 EMA/34 EMA. Both are quite far as of now.
11100 will be the first resistance for day and I might take a contra short if I see rejection of that level.
Will update this later in the day to update my trading activity.
