NIFTY MOVEMENTs – 20 JAN

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As per our VSR for 20th JAN we given in trading PLAN we have stated that NIFTY VSR 1st level is 6241.

 

10.15 AM----

Nifty SPOT made LOW at 6243.35 and Currently trading at 6268 so its around 25 points given from our VSR level 1.

10.29 AM---

Nifty Spot moved to 6303 level where we mentioned we would prefer to go Short.

Current high made by Nifty is 6304.05 Lets see how our shorts work from here.

 

11.47 AM ----

We shorted at NIFTY SPOT LEVEL of 6303  and NOW NIFTY SPOT is trading at 6287

Our short is working in its direction……..

 

1.07 PM ----

Our Short 50% booked around 6275. and for Rest stop loss now trailed to 6302 (FUTURE PRICE)

 

1.32 PM -----

Our TSL for rest 50 % hit at 6302(FUTURE).

For Further Reading,

Nifty Positional Update, Nifty Technical Analysis, Nifty Technicals