Tuesday, May 13, 2008

>13TH MAY Trading day

Nifty gapped up,Did sustain it for quite some time Intra day counts suggested nifty can touch 5090-5100 before plopping back ,
But nifty came back crashing from 5060+ and was not able to even sustain 5000 bad stuff,Actually gap ups are usually a short in morning ,But did not do it may be it was not my day :)few stop losses were hit in morning though was able to recover in the eve by some jobbing shorts.

A lesson learned today some times when things look easy they are indeed easy(shorting at gap up).



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