It hurts when you have created a short position in Indian Markets and the next thing you see in the night is that U.S Markets are up 1%

After the big trend line breakdown you would want Nifty to remain weak but what if u see the very next day that all Asian & U.S markets up 1% each. In this case if at all it happens then use gap up to create more short position with a stop loss above that trend line resistance.

At this point of time DowJones is trading at 1 % higher or 120 points higher, the picture may or may not be same at the closing ( people might know how Dow Jones fell yesterday within half an hour) and there is also no guarantee of Asian Markets giving a bumper opening and taking cues from Dow Jones. Meanwhile Dollar index has stopped its continuous loosing streak and it has bounced back a bit


Stock View: Union Bank

It can be bought in two parts, first around 264 and another around 250 with a strict stop loss of 235 on closing basis




Have a nice trading day

Regards

Ankit