ITC - Beauty of Technical Level

ITC technically it has hit the top level of 409.36 for intraday move..

If somebody has initiated intraday buy on ITC in the morning it has hit the target of 409.36

However positional it was in Sell in Excel (initiated exactly) from yesterday.....again s/l positional EOD closing basis 400.30..... (ITC has been identified by Mrs.Boomi Nathan...thanks for her analysis.)

Message is Both Intraday and Positional traders as safe, if you follow the Rule and Levels.    This is the Beauty of Levels........otherwise you will invite the soup...

Take Care..

LT - Follow up

LT it has touched high of 1811.50 and it has not validated my level 1844.....so...not able to take put option.....(my plan is to Buy 1800 Put Option).

Hence, no trade again in LT......

Now LT level is not valid for coming days...this level is only for Budget Trading......

Nifty Move on Budget

The whole day simply we have watched the trend and enjoyed the budget stuff cooked by Modi and Team....

Though Nifty has traded in the Top and Again validated the Bottom.....still...on Running Budget we can't able to predict whether it will breakout or breakdown....so...kept quiet....today we have not initiated nor posted any levels on Nifty....

However...just for information.....the following post.....after market hours everything looks perfect...but..running market one should have guts to take postion in the big event like today.

We accept we have not taken any trade today...no regrets...since...we don't want to pet on anything....

Because....if we are not sure....we will not trade......we will get opportunity tomorrow...but...once you lost your confidence and money in assumption...then...you are no where....

Take Care...