On 07 Jan 2014
movement of Nifty gave trade opportunity to go long near 6185 for Nifty
@12:27PM.
BankNifty still some downmove possible. Not taken any position in BankNifty.
Nifty is long with a stoploss of 6151 NF holds (daily) & 6151 NF holds (hourly).
Targets for the longs 6280/6359/6387.
Trade
with strict stoploss to safeguard the positions. 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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