At last our positional shorts showing colors.
today nifty will see 4525, now we need to see how markets react there. we can very well bounce from there, however, if 4525 breaks, it will be complete chaos, and a total breakdown.
we have averaged our shorts around 4630-40 levels, i would request the traders to book 50% at 4525 levels ( the lots tht we shorted arnd 4630, so 100 points :-) ) and keep holding rest 50%, tht way our average will also be good , and this will be a comfortable position, so that we can take more shorts if markets move up frm 4525.
now for intraday, nifty breaking 4525, will fall to 4492-4480 for the day.
4480 will be the ultimate support, and if broken - - - > knock knock 4000 ;-)
so trade using these levels, and trade confidently.
