Nifty Trade 09th May 2016
Bought Nifty Calls at Nifty CMP 7815 .
Nifty has given a breakout from downtrend which stated on April 28th.A false breakout was given on May 3rd Also.But we are buying every breakout in the belief that it will emerge as real.
Nifty daily is already in uptrend.So if the trade succeeds we will be holding call from bottom of expected 7800-8200 range.
Stop loss is daily close below 7750.
Lets see how trades pan out.
Bank Nifty is also in similar position.
Bought Nifty Calls at Nifty CMP 7815 .
Nifty has given a breakout from downtrend which stated on April 28th.A false breakout was given on May 3rd Also.But we are buying every breakout in the belief that it will emerge as real.
Nifty daily is already in uptrend.So if the trade succeeds we will be holding call from bottom of expected 7800-8200 range.
Stop loss is daily close below 7750.
Lets see how trades pan out.
Bank Nifty is also in similar position.
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