nifty : feb expiry

NSE:NIFTY   Nifty 50 Index
nifty is respecting the TL very nicely !!
its so much euphoria about wht would be the next halt !!

it has risen so much so traders are afraid that profit booking can come anytime !!
though a breakout from a rising channel may many times be a fake out but my take is that nifty would surely touch the upper TL...move therafter would depend upon good news like GST ,elections etc ..
FIIs are still long

buy nifty for first target -8914
second target - 9100
third target - 9500 ( it can happen )
sl - 8700 on closing basis !

discloser : bought 9000 CE in bulk so bias views can be thr !!
Trade active: NIFTY beautifully today respected the TL drawn.....
it closed above the 34 EMA ..monday should be a gap up !!
next week should be decisive for nifty !
which party( long or short will win is thy question )

keep a Sl as specified above and if playing in 9000 CE(at ur won risk) then SL - 9
target here could be 200 also(beliv tht luck can sumetimes b on ur side )


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