Monday, May 18, 2009

FKLI Trading : short-ed today...


Short-ed when 1000 breaks but have to bear with closing above 1000. Keeping the "short" as scenario remains negative in the near term( pullback mode + below SMA) - tight stoploss in place as mkt trend is still bullish. Therefore, will reverse and turn long if 7SMA is breached on a closing basis.



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