Learn2Earn

Nifty Spot --> Short at levels of 8550-8600

Short
NSE:NIFTY   Nifty 50 Index
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5
Looking to short Nifty Spot at the levels of 8550-8600.
Stop loss 8650
Targets - 6340.
Trade could span for 1-2 year time frame. Nifty looks bearish to us from our point of view.

This is our long term view for NIFTY . Kindly feel free to share your ideas . Looking to learn more from your experience :)
Trade active: Trade is active
Trade closed: stop reached: Trade closed.

Comments

The SL I on tick basis or closing?
Reply
@ashokk, Stop loss is on Tick basis If it breaks the STOP loss levels then this trade is closed.
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We are trading in Futures and Options. Hence monthly and weekly target price is more useful. But if the top level is 8600 max. Then we can take risk once the next up movement appears which may happen before Jan.17 expiry. Also please share on Bank Nifty Futures and Options, if possible.
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Learn2Earn venkaticr
@venkaticr, You got it right...8600 are max levels as per our study. It may fall at multiple resistance zones below that...But we are considering here the last bastion of resistance. If NIFTY breaks these levels then we will be seeing another BULL RUN !!
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