On 20 Jan 2014, Nifty gave opportunity for those who missed to go long at hourly level given (NF made low 6248 on 20 Jan 2014). NF made a high of 6332. Safe players can do part booking at given targets. Safe players do part/full booking and wait with stoploss for balance in case of part booking. NF Not crossing 6352 can drift down to lower levels. Safe players can enter longs again if NF cross 6352 for higher targets with small stoploss.
Nifty is long with a stoploss of 6156 NF holds daily & 6244 NF holds on hourly.
Targets for the trailing longs 633x/634x range.
Trade
with strict stoploss to safeguard the positions. Break of these
stoploss levels can drift Nifty slowly down till 6156 levels. Break of 6156 can trigger NF to 5922 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.
Do the part booking near 6330 and wait for the balance NF to cross 6352. Risky players hold with stoploss.
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