Monday, April 4, 2011

Nifty


Nifty
Long only above 5897 for sure target 5910 other targets are 5917 (T1), 5935 (T2), 5955 (T3), stoploss is 5858
And
Short only below 5851 for sure target 5838 other targets are 5831 (T1), 5813 (T2), 5793 (T3), stoploss is 5890

Note: T1,T2 are also possible reversal point.

[9:21] Nifty Range today 5912 - 5848

[9.29] Shorted Nifty with with SL as 5890

[12.07] Short SL hit exited :(


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5 comments:

  1. GANESH PLApril 4, 2011 at 9:35 AM

    Good Morning...

    ReplyDelete
  2. NiftyreportApril 4, 2011 at 9:50 AM

    Hello Ganesh,

    Good morning :)

    ReplyDelete
  3. GANESH PLApril 4, 2011 at 9:54 AM

    as per level short below 5851, but u shorted already, nifty looking weak as of now?...

    ReplyDelete
  4. NiftyreportApril 4, 2011 at 10:37 AM

    Ganesh, following levels is the best thing (safe), i at times take a calculated risk, but if you see my SL 5890 is my short SL :), i take my trade with above levels but some time little hurry

    ReplyDelete
  5. GANESH PLApril 4, 2011 at 10:43 AM

    Thanks, I wait for to once levels cross i enter trade....

    ReplyDelete

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