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vivekanand posted an update 8 years, 3 months ago
Hello Friends, I am sorry. Yesterday, my call is to short Ashokleyland. And today it came down -2.5% But, since due to my laziness, I slept and even I have not utilized my call. Moreover, since I am in Leatherhead due to short term work assignment, I need to cope up with the time difference of around 6.5 hrs. So, from now I am keeping in mind that before sleeping I need to analyse and place my call. Again today the entire market went down with more than 95% of nifty stocks closing below previous close. Today NIFTY formed bearish engulfing pattern. So avoid taking long positions. More downside to come in the coming weeks. I am going to Sell Hindustan Unilever Feb futures @ 811 based on lower top and lower bottom approach. God Bless. Good Day.
hindustan unilever
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One more reason for shorting HUL is when the market pulled down more than 1.5%, HUL went down only 0.5%. So every body will think when market goes up then the stock which has not gone down along with the market will go up. 85% of the people loose in market because they think alike. And the remaining 15% who think out of the box win. So even though when market bounces back tomorrow, HUL will gain because of the 85% of the people and then will start sliding down as per the expectation of the remaining 15% of people. God Bless. Good Day.