Dear all
In previous post as i have mentioned that the
short position ( initiated at 6200 levels) 50 % we have coverd and rest 50% we
were carrying with trail stop loss of
6040 and On friday finally we had closed
our short position .
As earlier i mentioned that if nifty able to hold
5970-5980 levels on closing basis then some reversal is looking on card. so we
have bought 50% at 6020 levels on friday
and rest 50 % will add on monday if nifty able to hold above 6050 . For
this trade my stop loss is below 5970 for target of 6150 ... For time to time i
will update target and stop loss...
Today i am posting ongc chart where friday we have seen a nice
bounce in up side .....
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Regards
Raju Ranjan
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