Short KOTAKBANK around 1125 for trgt 1104 sl 1138

KOTAKBANK printed a bearish pinbar which shows profit booking at its all time high.... looks like it will retrace before breaking its high......So i will Go short around 1125 tomorrow......Contra trend trade..not for faint hearts ;).

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Shorted at 1127.4 in futures

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short covered at 1115.4 ..... 12 points profit ....9600 rs ...not bad when you trade contra