16 January 2014

On 14 Jan 2014, did a offline trade as per the levels (shorted with stop of 6301, @6280 NF taken and closed the shorts and taken longs @6245 at the end of trading session with stop of 6235 as mentioned in previous post). On 15 Jan 2014 movement of Nifty gave the desired targets 6310 and beyond that made a high of 6334 for the longs carried on 14 Jan 2014 EOD @6245. Try to do part booking at nearest targets and trail the balance with hourly (safe traders) /daily (risky traders) stoploss.

Nifty is long with a stoploss of 6156 NF holds daily & 6282 NF holds on hourly.

Targets for the trailing longs 633x/634x/637x/639x range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 6244. 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.

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