Friday, March 18, 2011

Nifty

Long only above 5512 for sure target 5524 other targets are 5548 (T1), 5566 (T2), 5599 (T3), stoploss is 5475

And

Short only below 5468 for sure target 5456 other targets are 5432 (T1), 5414 (T2), 5381 (T3), stoploss is 5505

Note: T1,T2 are also possible reversal point.

[9:30] Today range looks like 5530-5430, breaking either of one level will bring unexpected level (positional) in Nifty.

[9:45] current low is 5433.10, is Nifty holding 5430 :)

[9.50] Nifty short target 1 achieved.

[10.04] Nifty short target 2 achieved.

[10.05] Exited short @ 5405 :), made 63 point profit :)

[10.08] planning to go long keeping 5402 as SL

[10.10] Long at 5415 with SL at 5402

[11.09] Long SL saved twice :)

[11.30] STOPLOSS hit exited at loss of 13 points

[11.42] Total profit as of now is 50 points

[11.45] Bought 5500 CE at 58.90 with SL at 54: Target once crossed 64 we can expect 76.50

[11.50] will be back after 1 PM :)

[1.30] Nifty 5500 CE SL got hit exited :(, loss of 5 points





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