On
12 Feb 2014, NF moved up and touched 6111/6116 (High: 6126)and corrected again. Holding the trailing longs with the revised
stoploss. Close trailing longs if NF trade below 6054.
Nifty is long with a stoploss of 6054 NF holds on hourly.
Targets for the trailing longs 6136/6146/6169/6173 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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