On
31 Jan 2014, No trades made as the NF is in range and not given a good risk reward trade to do.
Nifty is long with a stoploss of 5983 NF holds daily & 5984 NF holds on hourly.
Targets for the trailing longs 6157 range.
Trade
with strict stoploss to safeguard the positions. Break of these
stoploss levels can drift Nifty slowly down till 607x levels. Break of 607x can trigger NF to 600x levels. Will revisit if
the stop breaks else will continue to hold the longs.
If
the Nifty moves towards our trade direction, will hold with a new
revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.
Stay tuned for exact entry in trades.
****Read the disclaimer before you take trading decisions.
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