On 06 Jan 2014
movement of Nifty gave trade opportunity to go long near 6201 for Nifty
as predicted.
BankNifty signalling long with yesterday low as stop. Target will see after tomorrow movement.
Nifty is long with a stoploss of 6151 NF holds (daily) & 6201 NF holds (hourly).
Targets for the longs 6280/6359/6387.
Trade with strict stoploss to safeguard the positions. Break of these stoploss levels can drift Nifty slowly down till 5922. 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.
Nifty traveling towards second support of daily. Below that do not hold longs. But longs taken @6201 can be held and with strict stoploss. If anyone wanted to add longs, add longs near the daily support level.
ReplyDelete7 Jan 14, 12:27 PM rajapvt: NF LONG here with stop of 6151.>>> Hold longs with same stoploss.... CMP: 6215
ReplyDelete