Nifty

Total position 1000 Nifty long from 5680

Position : Without Risk takers  - Nil
                Booked 50%  @ 5970[+290] / Booked 50% 5840[+160]
                Profit : 1st Stage 500 @  5840 - Rs.80,000
                Profit : 2nd Stage 500 @ 5970 - Rs.1,45,000 - Total Rs.2,25,000.

Position : With Risk takers - Long 500- 5944[+264]

               Profit : 1st Stage 500 @  5840 - Rs.80,000
               Open 500  - Rs.80,000 + 500 Open long with sl 5900
                       [Rs.1,10,000] - Total - Rs.1,90,000.


Nifty Breached the 11th December,2012 Resistance 5971 and Closed below....

Nifty Intra Day Trading Support 5933-5928 Resistance 5980-5988
Nifty Position Trend Support 5890-5883 Resistance 6026-6031

Expectation : Sideways with Sector wise rotation to hold NIFTY longs, 6045 is the crucial point for further up move.  If close above that then Target 6102-6127-6160. Wait and watch.  Failed to Close above 5970

Suggestion : Hold long with sl 5900 (C)

With Risk takers stop loss 5900 [+220]

Print this post