On
11 Feb 2014, NF is in corrective upmove slowly inching up. NF touched 6091 again (High: 6095). Holding the trailing longs with the revised stoploss. Holding 6175 is a
concern for longs. At 6175 one can short with small stoploss (6200 NF). 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 6054 NF holds on hourly.
Targets for the trailing longs 6111/6116/6129/6141 range.
Trade
with strict stoploss to safeguard the positions. Break of these
stoploss levels can drift Nifty slowly down till 5957 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.
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