Friday, April 17, 2009

NIFTY MECHANICAL TRADING SYSTEM STATUS-17 APRIL 09

Short has been triggered at 3375.60.
Close long positions taken at 3061.50
Total profit from last trade 314.10 points

Present Position

SHORT AT -------------------- 3375.60

2 DAY SWING REVERSAL IS AT ----3311.80

3 DAY SWING REVERSAL IS AT ----3811.80

Please note while mechanical trading system has given a sell, the 2 and 3 day swing is yet to come into sell mode. This is still in a Buy mode and stop and reverse is placed at 3811

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