Tuesday

Order to reshort NIFTY

Post a Comment January 11, 2011 – 5:21 am |   | Permalink |  Print This Post |

We closed 1/4 of our NIFTY shorts yesterday at 5735. We have an order to reshort at 5835 (including spread)- ie slightly above round number 5800 which should be taken out. That will save us 100 points including 10 points of spread - $2500 in savings.

Technically, it could easily retrace its losses higher. 6000 is definitely a posibility.