Bingo! It worked!! Obviously FTIL @150-160 was really really attractive, the pivot point fell at 150+. Anything above 150+ was a sure bull on sight! Though I couldn't enter within the band, went long @164 on NSE. There you saw the sudden spurt to 210!!! That was the position to short... Shorted at 206, now at a cmp of 196... A kinda hedging with positive bias on buy to make the trade a safer one, considering the fluctuations today.
This is the reason for the spurt in price
http://www.moneycontrol.com/news/market-news/nsel-proposes-settlement-says-members-will-pay-rs-2181cr_930281.html#toptag
No comments:
Post a Comment