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.