Here is the screen shot delivered from Excella Trader at today morning before the market startLets analyse what Excella said about Nifty trading today
Excella Trader was in an opinion that if opening range is between 6720 - 6737 then it will be an indication of bearish mood in the market .Watch screen shot
What actually happened
Nifty opened at 6740 and withing minutes came to our bearish range and it never entered in a bullish area. Our buy call was at 6765 which never came as market made a high of 6749 and retreated back
How we sold Nifty
As per Excella trader 6728 was bearish entry point. Around 11.15 AM Nifty fell below 6728 and our Nifty short sell triggered. We put a target at 6692 considering the average daily volatility of Nifty. Towards market end Nifty achieved the short sell target and we exited with a profit of 35 points.
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