In continuation of playing the Nifty range added short position in Nifty @ 11621 bringing up the short price to 11617. I feel good about being able to move up the initial short position at 11580 to 11617 while still bringing some $ home. To accomodate this, I have taken out a small MES @3004. I will add this back once I get out of Nifty
On Nifty, I have taken half of my position on Friday at 11540. Unfortunately I was not at my desk from Friday afternoon to trade, so didnt get a chance to take off my MES positions. Today, the plan is get rid of as many MES positions as I can.
Well, all the MES are still there. I have rolled over the Nifty and added more Nifty shorts @11877. I have taken off partial positions of MGC@1494. I am planning to add more shorts of MGC. But before that want the Fed rate cut dust to settle.
Overnight, I have swiped Nifty from 1227 to 1202. Again Shorted Nifty @ 12038 for a target of 12002 again or 11980. Why those values? They come from PoC and VWAP. respectively PS: Again need to come back to the designed format for reasoning.
Covered at 11984 Account Status : 77.79% of Initial Capital (including MTM losses) Current Positions: