Swarnendu_Mitra
Long

NIFTY long with a STRONG hedge

NSE:NIFTY   Nifty 50 Index
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.
Comment: Modify SL to 10882. Target remains the same. Add more if get dips tomorrow. Reverse trade if SL goes..
Comment: 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.
Comment: TSL 11238. Reverse if gone..
Comment: 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.
Trade closed: target reached: TSL hit. Trade closed.. Only 200 points captured
Comment: Next trade is also a buy..

Comments

Good work
Reply
@arsneha143, Thanks. there could be some changes in counts at top though. Not really satisfied with the labelling.
Reply
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