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.
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Trail Sl to cost at 8343 and hold.
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Train Sl to 8450 in Nifty spot. Enjoy profit of 107 points incase Sl is hit. :)
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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.
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Trail Sl to 8490 in spot. Even if Sl is hit we will still be collecting about 147 points in this one trade.
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Trail Stop loss to 8430 in spot.
Trade closed: target reached
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Exit at 8640 Nifty spot. 305 Nifty points caught in this trade. Thank you.