Nifty Long.

Parjun Updated   
NSE:NIFTY   Nifty 50 Index
We can long on Nifty at CMP 8343 with a stop loss at 8300 for target 8700 and above. This is a long term trade so we need to trade it in next months futures . Target time period for this trade is in the next two weeks.
Comment: Trail Sl to cost at 8343 and hold.
Comment: Train Sl to 8450 in Nifty spot. Enjoy profit of 107 points incase Sl is hit. :)
Comment: Trail SL to 8470 in spot. We hope Nifty will reach our target of 8700 in the next 3 trading sessions before the budget. Incase it does not reach 8700 before Feb 1st we will be closing the position.
Comment: Trail Sl to 8490 in spot. Even if Sl is hit we will still be collecting about 147 points in this one trade.
Comment: Trail Stop loss to 8430 in spot.
Trade closed: target reached: Exit at 8640 Nifty spot. 305 Nifty points caught in this trade. Thank you.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.