02 January 2014

Nifty is long with a stoploss of 6151 NF holds (daily)  & 6322 NF holds (hourly).

Part profit booking near 6370/6376/6382/6386/6397 and revise hourly stoploss to 6352

>>> NF made 6408, Part book and revise the stop (09:55AM)

>>> NF hit the positional longs stoploss 6352. Wait for next positional trade. Did not reversed to short unfortunately.

BankNifty is long with a stoploss of 11063 BNF holds (daily) & 11261 BNF holds (hourly).

Part profit booking near 11773

>>> BNF made 11643, Part book and revise the stop (09:55AM)

When a trade opportunity comes in Nifty or BankNifty, will go either long or short and hold the position until next signal come for the reversal of the trade.  

For the fresh entries enter as close as possible to the mentioned prices and stoploss is 20 points below for NF and 50 points below for BNF for the prices mentioned.

M&M stoploss 961.5 target 940.65/927.8

 >>> M&M hit the stop and moved above. Short was placed at 960.5 and stop got hit 961.5.

MARUTI stoploss 1812 target 1716/1664 (can touch 1811)

 >>> Maruti hit the stop and moved above. Short was placed at 1810 and stop got hit 1811. 

MARUTI stoploss 1794 target 1755/1732 

Stock prices mentioned above are future prices and are positional trades. Try to take short entries as close to the stoploss prices to avoid risk of M2M.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.