It was a fascinating day of trade in the markets today.
Let me add…for the sellers.
Those who sold at the open and held came back with good rewards.
The Nifty was resisted in the morning again at value high and the sell was confirmed below value low.
The Bank Nifty started as the weak index today, reversed higher but weakened again at the close helped a lot by the downmove in SBI today.
We took two trades today.
One short in the Bank Nifty in the early morning and another short in the Nifty in the afternoon.Both high probability trade set-ups.Both went on to hit their price objective.
Looking ahead to tomorrow, the market looks like it is preparing itself for a sharp fall in the US markets tonight. I won’t be surprised if it does not react to a fall there tonight at the open tomorrow, or auctions higher at the open.
Vtrender 2 has started off on a good note and we were happy to see smiling faces in the trading room.