On 10 Jan 2014 movement of Nifty gave trade opportunity to exit the previous holdings 6211/6201 near 6253 levels. Again went long near EOD @6181 (near closing time). Now will hold the longs with the same stoploss 6151.
Nifty is long with a stoploss of 6151 NF holds (daily & hourly).
Targets for the longs 6280/6310 range.
Trade
with strict stoploss to safeguard the positions. Break of these
stoploss levels can drift Nifty slowly down till 59xx. 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.
Not crossing 6269 is a bearish sign, Do the part booking and trail to cost for the balance. Let's see how market moves in couple of hours.
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