Nifty Prediction Today/Tomorrow 1st Feb 2021

Nifty Prediction Nifty trend is down and at appropriate resistance zones look to short sell with appropriate stop loss

Mercury will go retrograde tomorrow and this year is ruled by Mercury. Also, Mercury rules communication, travel so in the context of the budget expect many statements and numbers to be misunderstood by people and analyst and wrong interpretations would be the result of this so be very nimble-footed and trade and cross-check the information you receive before you act on the same.

From a trade perspective, we did go short at 14629 and we booked our shorts partially yesterday at 13750 spot and the remaining shorts today at  13800 so we did make good money on this trade. We will take appropriate trade based on set up post the budget event or towards the end of the event or whenever we get a high quality set up.

Part of what we did

[09:22, 1/27/2021] Glen Drago: Good morning
[09:22, 1/27/2021] Glen Drago: Nifty Hold rem 50% short qty as told
[09:22, 1/27/2021] Glen Drago: Will update as and when anything needs to be done
[12:26, 1/27/2021] Glen Drago: Nifty Sell 25 Feb Sell 14200 Call at CMP
[12:27, 1/27/2021] Glen Drago: Nifty Hold rem 50% short qty as told for sell done at 14629 spot level
[12:38, 1/27/2021] Glen Drago: Will update as and when anything needs to be done
[13:36, 1/27/2021] Glen Drago: Nifty 25 Feb 14200 Call book 50% shorts at cmp & trail rem qty to cost and hold
[14:52, 1/27/2021] Glen Drago: Nifty 25 Feb 14200 Call hold rem 50% shorts
[14:52, 1/27/2021] Glen Drago: Nifty Hold rem 50% short qty as told for sell done at 14629 spot level
[14:52, 1/27/2021] Glen Drago: will update as and when anything needs to be done
[09:07, 1/28/2021] Glen Drago: Good morning
[09:07, 1/28/2021] Glen Drago: Nifty 25 Feb 14200 Call hold rem 50% shorts
[09:07, 1/28/2021] Glen Drago: Nifty Hold rem 50% short qty as told for sell done at 14629 spot level
[09:07, 1/28/2021] Glen Drago: Will update as and when anything needs to be done
[12:41, 1/28/2021] Glen Drago: Nifty Hold rem 50% short qty as told for sell done at 14629 spot level
[12:41, 1/28/2021] Glen Drago: Nifty 25 Feb 14200 Call hold rem 50% shorts
[12:41, 1/28/2021] Glen Drago: whenever anything has to be done will update
[14:26, 1/28/2021] Glen Drago: Nifty 25 Feb 14200 Call shorts book full profits
[14:26, 1/28/2021] Glen Drago: Nifty Hold rem 50% short qty as told for sell done at 14629 spot level
[14:26, 1/28/2021] Glen Drago: will update as and when anything needs to be done
[14:29, 1/28/2021] Glen Drago: Nifty Hold rem 50% short qty as told for sell done at 14629 spot level
[09:08, 1/29/2021] Glen Drago: Good morning
[09:09, 1/29/2021] Glen Drago: Nifty Hold rem 50% short qty as told for sell done at 14629 spot level
[09:09, 1/29/2021] Glen Drago: Will update as and when anything needs to be done
[09:47, 1/29/2021] Glen Drago: Nifty Hold rem 50% short qty as told for sell done at 14629 spot level with trailing SL of 13989 spot level
[10:31, 1/29/2021] Glen Drago: Nifty book full profits for now and close positions
[10:32, 1/29/2021] Glen Drago: confirmation no open positions for now
[10:39, 1/29/2021] Glen Drago: Detailed update on budget strategy and view will be given to our paid clients. Make sure you are a part of our paid clients to get next big trade

as usual, if you are only trading on the basis of this post please use your own risk management and then only trade please do not over trade and always keep your risk in check before trading