GauravSaini
Long

NIFTY LOOKING OVERSOLD MIGHT SHOW A BOUNCE

NSE:NIFTY   Nifty 50 Index
NIFTY CMP IS 10150 INDEX HAS BEEN IN A SELL ON RISE MODE TILL NOW
There are EARLY signs of short term bottom formation near 10100-10060 levels
LONG INITIATION ZONE-10080--10110 STOPLOSS 10138 SPOT 10MIN CANDLE FOR STOPLOSS
longs can be initiated ON DIPS TARGET FOR THE LONG TRADE WILL BE 10300 -340,10400
AND HIGHER


PLZ READ CAREFULLY
1 THIS WILL BE A POSITIONAL TRADE
2 TRADE IS BUY ON DIPS WAIT FOR THE LEVELS DONOT JUMP IN TRADE
3 VOLATILITY IS HIGH ---THUS HIGH CHANCES OF STOPLOSS
TRADE SMALL QUANTITY 50% OF YOUR USUAL QUANTITY ONLY

4 CAREFULLY CALCULATE WHETHER YOU CAN HANDLE THE VOLATILITY
5 DERIVATIVE TRADING IS A HIGH RISK ACTIVITY
6 IF YOU MISS THE TRADE DONOT JUMP IN IT LATER


IDEAL TRADE SIZE IS 4 LOTS 1-1-2
this particular long trade is now active ----- while its a good setup keep your stop losses in system coz of increased volatility HAPPY TRADING TO ALL
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GauravSaini GauravSaini
@GauravSaini, NIfty spot cmp is 10130 -the trade is now in decent profit -of 30 + points -higher trgts possible ---trade management is key now
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