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Thursday, February 13, 2014

NIFTY



            NIFTY has broken the range of past seven days, on the down side. We have discussed two possible scenarios yesterday. One is for going long and second was for going short. According to our view, we were exactly at the level where entry, target and Stop Loss were same for long and
short. It went down below 6050 and shorts were initiated as mentioned in earlier post. As half the target was achieved, partial profits were taken and rest of the position is carried forward for bigger targets, of course with proper and trailing Stop Loss. In case of any reversal or a change in trend, readers will be informed here.



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