Nifty Long not for faint hearted.

NSE:NIFTY   Nifty 50 Index
Keep Strict stoploss, reasons mentioned on the chart
Comment: Order executed, keep calm and stay long
Comment: 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.
Comment: 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.
Comment: 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.
Comment: Target HIT, booked profit.

Trade closed


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