Thursday, May 28, 2009
Update on Axis Bank Gartley
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In continuation with the Bearish Gartley in Axis Bank that I posted yesterday, Axis Bank defied the markets and moved down today! While Nifty closed at +1.43% up, Axis Bank shut shop at -1.97% down.
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4 comments:
Awesome! I followed it closely today.
Thank you :)
Even I followed! Congratulations. But i was cowardly , didnt short even a small quantity.
Excellent Blog. I came across your blog since yesterday and have become its follower.
Keep the guns booming!
Wish you tremendous success.
ttthakur
Hi Thakur,
Thank you for your nice words.
But, may be it was wise not to short (in cash), as its totally against the market trend. I took shorts of small quantity when low of the day was taken down and covered it @778. Nominal gains. If it was in futures, I could have keep my positions open, but its almost 8L per lot :(
-Doji
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