10 February 2014

On 06 Feb 2014, taken long @6055 with stoploss of 20 points. Stoploss triggered and longs closed. On 07 Feb 2014, Initiated longs again @6055with a stoploss of 20 points. This longs can be held as long as previous low is not breaking. Longs preferred view as indicators showing oversold zone. The upmove may be corrective and can test trader patience. Hence keep the stoploss and trade accordingly. Try to do part/full booking at the mentioned targets. Holding 6175 is a concern for longs. At 6175 one can short with small stoploss. Since short is a predictive trade, traders advised to be cautious on placing stoploss. NO TRADE WITHOUT STOPLOSS.

Nifty is long with a stoploss of 6036 NF holds on hourly.

Targets for the longs 6091/6156 range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 601x/600x/599x 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.