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
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