Today Nify,
Long only above 5063 for targets 5081, 5099
And
Short only below 5028 for targets 5010, 4993, 4975, 4957, 4940, 4922.65
[1.40] Nifty Target 1 achieved
[1.43] I want Nifty either to show 4986 and 4968 , will it show today ??, if anyone want to short at this level, please keep 5031 as Stoploss
[2.08] Nifty Target 2 achieved and missed my interim target 4986 by 1 point, lets see will this target also achieved.
[2.48] Nifty SPOT made double bottom @ 4984, so be careful with your shorts, if you are in short keep 5013 /5015 as stoploss
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Today nifty mite be breaking only on the short side. 5020 on the spot seems to be a very strong support. If 5020 is broken then the chances are 5000 and then 4980 is also possible. Let see if 2 pm magic works today also.
ReplyDeleteOhhhh... as i was posting this comment 5020 on the spot was broken and now lets see if 5000 will be brokenan :-D./
ReplyDeleteMurail, Nifty target 1 reached :)
ReplyDeleteYour target1 acheived Uma congrats first success for the day :-D.
ReplyDeleteCongrats Uma ur Target 2 also achieved :-D. 2 pm magic working again :-D
ReplyDeleteSir,
ReplyDeleteNormaly how many point you suggest a S/l for Intraday of your buy/sell call ?
There is not hard rule for stoploss, usually i take open price + 7 as stoploss and change it based on other support and resistance.
ReplyDeleteopen price +/- 7 as stoploss
ReplyDeleteThe reason for asking S/l is.., for the last few days i watched out your levels, today also after hit the sell level of 5028 it reached till 5024 and bounced to new high of 5053.80. From there it again start falling. So this kind of situation how to handle with effective stop loss. Thats why i ask.
ReplyDeleteAnyway thanks for your reply.