Mini Nifty 26-08-2011

Unfortunately due to software problem, no chart today.

Clean short trade today

SHORT = 4846 (Ema cross, trend confirmed by downward sloping RSI, STOCH)

EXIT = 4750 (Enough profit when goal is just 20pts, and principle of closing position by 3pm)

Profit = + 96

Mini Nifty 25-Aug-2011

Trade 1

Short – 4882 (final crossover , after 10am, stoch, rsi downslope)

Exit – 4860 (expiry day, expecting choppy trade, trading just for 20 pts, sharp change in stoch slope and rsi upward) — playing afe

Points = +22

Trade 2

Long 4870 (cross over, not after 2.45pm, stoch OK,RSI > 50)

Exit – 4890 (just playing for 20 points)

Points = 20

Total points = 42

There were couple of other trades short initiated later, but was not interested in two many trades on an expiry date. Enjoy profits