Monday, September 5, 2011

Todays call on nifty futures

Go long above 5048, with stop loss 5029 till end of the day or auto squareoff
Go short below 4972, with stop loss 4992 till end of the day or auto squreoff

if market goes above 5029 and reverses, go short at 5029 with stop loss at 5048 ( double long ) for target 4992

same on downside that is if market goes below 4992 and reverses, go long at 4992 with stop loss at 4972 ( double short ) for target 5029 ;

once a profit of 10 points is realized, move stop loss to purchase price and trail the price by 10 points.










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