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Plan for December 18, 2019 The market played out as per plan. We will now move trailing stop loss near and let the market give some time to breathe. We will avoid trade, in the consolidating market and enter long if it closes below 5 SMA (5 Day simple moving average). For time being have some shorts to match your longs. You should sell a few stocks where the chart looks weak up 50-70% value of longs. The plan is minimum action so too avoid slaughter if the market gets choppy. Honor the trail stop loss and wait for the pullback to reenter. So I don't have much to say. Nifty trail the stop loss to 12,130. Banknifty trail the stop loss to 32,100. Enter long in both index if close below 5 SMA, at day end. HDFC ltd showing the first sign of fatigue. Good time to book profit at open tomorrow. Reliance buy with the stop loss of 1,560. News based sell in Tata Steel with the stop loss of 450. Volatility breakout trade ( Inspired by Linda Raschke ), here you buy or sell the bre...

Plan for December 18, 2019 All-time High made as suggested in the  last post . The big question now remains is now what? I think the market may open up tomorrow and then consolidate. There is no space to short yet, hold longs with trail Stop loss and enter on the long side in the pullback. There is a good opportunity in some stocks to enter on a pullback, best being Reliance.  The global market looks good and the news is on the positive side. Markets can rise in general in this kind of environment. S&P500 of the US is not going to stop yet, and this can lead to the rise in global markets. The best trade is to be on the long side if missed the rally buy the pullback and be patient. Nifty buy with the trail stop loss of 12,100. Banknifty buy with the trail stop loss of 31,900. For nifty and bank nifty you can buy the pullback but do not short yet, as rally can be spontaneous. HDFC bank buy at 1,280 with the stop loss of 1,260. Axis bank buy above 760. Reliance i...