As I said last time, the price was at near the stop-loss point, one must trade carefully. Today market opened with breaking our stop-loss point and bull came in power. A long white body formed today. Next stop-loss is 11560 and target is 12250
The price is near to the stop-loss point. So one must be very careful to trade now. If the stop-loss is broken on closing basis, then bull will be in power. But now bear is in power. Stop-loss 11435 and target 10815
In my previous note, I mentioned to short NIFTy with target 11400. Today we reached our target and NIFTy closed below 11400. But NIFTy didn't break out to continue the downfall. So NIFTy would be reversed by bulls. Target 11600 and stop-loss 11300
As I said last week, USDINr achieved our target 70.2. After that market corrected itself to get some breadth. Market is till in the hands of bull. Dollar will be appreciated and Rupee will be depreciated. Target is 71.5 and stop-loss will be 69.5. trailing stop-loss will be updated regularly in this post. All the best.