Charts and Intraday Commentary

12:00Noon Update - Well there you have...Breakdown which I called in realtime..Hope you guys enjoyed it and also made some coin :-) We might consolidate from here - a little maybe - but I think market is saying it wants to go much lower...Will not be a straight line ofcourse...I am 50% short from today morning..Ofcourse I wanted to be at 100% eventually but not doing anything more today...This shows why scaling into shorts is important - instead of waiting for higher levels.



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11:05AM Update - See chart below...Could be important..I have increased shorts to 50%..Might not do anything else today...



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10:10AM Update - Starting the short campaign with a small position...As I said before, I am just scaling in now...First 25% at 2630 area...More later...I will be shorting more as time goes by today...Not going to post level by level

I am surprised at the lack of strength today...Anyone, any thoughts why?
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I dont know how far up we go...Right now, global markets look week. Need to wait and watch how our markets react. Either case, I will begin the shorting campaign today..Slowly scaling in like I did before also...Keep watching this space for intraday commentary.

Daily with some important comments outlined on the chart -

NIFTY DAILY


Best.