Bottom Fishing!!!!

Hi All,

Nifty trading in a crucial Support area of 5500-5540....

A Low risk Long trade (without any evidence however) can be taken with a strict SL below 5520-5500 with a nice risk reward as conservative targets can be of 5600-5650, however ambitious targets can be 5750-5800-5900 and may be till 5970 as well....

the trade is based on a combination of Daily and weekly charts as Nifty is trading at a kind of fresh, strong support of the mentioned area....

the risk here is surely much much lesser as compared to the profits we book in past few days, decide the no. of lots accordingly....

Nifty 5500 / 5600 CE CMP 120 and 66 respectively can be looked out for....

Cheers

 




Hrishi

Book full profits in Nifty trade!!!

Hi All,

Nifty at its final target for short call given...... One can book full profits or still continue trailing stop loss by booking another part profits........

I will keep posting our views on the index after further developments, as of now 5590-5540-5520 are key supports but going long as of now is not advisable.....










Cheers

Team ATC

Nifty book profits in long and short call.....

Hi all,

Booked profits in long near 5710 and went short with targets of 5675-5650-5600.....

First target for a short call reached.... Nifty low 5668

Captured a movement of around 150 points in Nifty in less than a weeks time....

Cheers

Cheers
Hrishi