Global markets showing weakness and same reflecting Indian markets as well. On Monday, if NF opens above support levels, then go long and if NF opens below support levels then go short. Keep the levels to play.
Nifty is long with a stoploss of 6201 NF holds daily & 6266 NF holds on hourly.
Targets for the trailing longs 631x/633x range.
Trade
with strict stoploss to safeguard the positions. Break of these
stoploss levels can drift Nifty slowly down till 6156 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.
Wait for clear trend and do not jump into opening trade. With the gapdown and NF opening at weekly support. It is better to wait and do the trade once NF goes above the daily support level with small stoploss and follow the stoploss diligently.
ReplyDeleteRisky traders can enter long near 615x levels with stoploss of 613x. Alternately one can sell 6100/6200PE at the given level and hold with stoploss. Try to close positions intraday itself. Only risky traders carry over the positions with stoploss. If stoploss hits, then exit positions and no further long trades unless NF goes again above 615x.
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