positive to gap up opening of 15 20 point may be there…channel breakout was spotted yesterday , either pull back or new channel formation will be decided in coming sessions …yesterdays candle was hang man its confirmation is due . It is Friday and out of 100 , 80 were bearish let us see will it go to 80 or 20 side …?
Trade in Nifty as per these levels
Buy at / above: 6480 Targets: 6497 – 6517- 6537 – 6557
Stoploss : 6460
Sell at / below: 6460 Targets: 6443 – 6423 – 6403- 6383
Stoploss : 6480
Trade according to levels … Market may change its direction at any moment and at any level so do not take any level for granted. Safe play is trade with stop loss order trail it and let your profits run at any moment if market gives reversal signals book gains or close your loss making trade. Gut feeling may work some times but that is also to be done with proper stoploss order …stop loss you may select either as per your risk or as per technical charts ..read more about stop loss orders at http://dhanvarshagrp.blogspot.in/2011/07/stop-loss-order-technique-you-must-know.html
For STBT call s as gap up will be there so we have 2 ways either exit at open and book loss of 30 35 points or wait and watch market mood if profit booking will take place then place a stop loss order according to market move…please note stop loss for any short trade will be applicable for all short whether you went short at 5900 or at 6340 and trade ill be reversed positively with opposite stoploss…see example message …
kailash123p@yahoo.co.in (3/6/2014 9:44:23 AM): keep NF sl at 6382.20 sell below 6380 trading at 6373 low risk may be high reward trade if sl wont trigger …… go long above 6383 with sl at 6369
and from 6383 NF traded at 6436 almost 50 points above selling level … and we again created sell at 6430 now expecting 6450 60 opening…let us see what is next to know more in real time stay at chat room http://dhanvarsha.in/chatroom/
positive to gap up opening on Friday 07 March
