NIFTY long with a STRONG hedge

Aug 1, 2020

Target is final gap filling at 1153X before this uptrend tops out. 11100-600 Orbit is also intact.
Caution: NIFTY is dangerously close to break the uptrend started from 15th June and more downside is not expected on closing basis. So, though invalidation is 10827, another red day on Monday could mean that top is already in.

Aug 5, 2020

Note

Modify SL to 10882. Target remains the same. Add more if get dips tomorrow. Reverse trade if SL goes..

Aug 10, 2020

Note

Tomorrow gapup will be confirmation of bullish trend. If no gapup, exit below today's low and try another long close to 11186. Modify TSL to 11186. Reverse trade if TSL gone.

Aug 11, 2020

Note

TSL 11238. Reverse if gone..

Aug 13, 2020

Note

TSL safe but this is getting riskier now. And that 11238 TSL doesn't have any importance now. Keep SL 11260 hrly, no more reverse if SL goes.Ideally one more high should come, but that top will be tough to predict.

Aug 16, 2020

Trade closed: target reached

TSL hit. Trade closed.. Only 200 points captured

Aug 16, 2020

Note

Next trade is also a buy..