Nifty Long not for faint hearted.

karankalra1 Updated   
NSE:NIFTY   Nifty 50 Index
Keep Strict stoploss, reasons mentioned on the chart
Order executed, keep calm and stay long
Every Major market is down more than 2%, but nifty could not break 8700 when there was every reason for it to do so. 8700 is imp support as this is where Nifty consolidated for a long time. No reason to exit longs unless 8700 is broken, tomorrow's holiday will help bulls stay in play.
Move stops to buy price and book partial profit. This market should rally into FED event now that the probability of a hike is slim to none.
If you are going into FED with long positions, please hedge your positions by buying some puts. The chance of a rate hike is slim, but never say never.
Target HIT, booked profit.

Trade closed

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.