Trading Strategy For 14th Dec’15 .NF-Below 7586,Panic up to 7561-7506

Five of the common threads of a successful trader:

1. An aversion to risk.

2. An ability to preserve capital by taking losses and changing one’s mind.

3. Intimacy with their approach / system / methodology.

4. A willingness to experiment.

5. Single-minded purpose.

Last Close : 7627.90

Now SGX Nifty down 69 points at 7586 level

We Don’t Change levels ,Everyday :Sold on RBI Day Policy NF ,BNF :Still holding short (No Beggar like Trading )

All Eyes on 7586 level (Low of Friday )

Yes ,101% should stay below this level for 15-20 minutes with volumes………………(Remember 7586 )

Will take to 7569——7561 level in PANIC.

Now Suppose Breaks 7561 with Volumes and Trades watch Nonstop PANIC up to 7506 level in hrs only.

Indicating Sharp PANIC if happens……………..Will Buy Small Lots !!

Neckline of Head & Shoulder Broken :Will act as Major Hurdle -Consider it as strong resistance