Oops No Profit booking done
Respected Sir,
If International Market especially Dow and Nasdaq close in the Red and if Asian Markets Open in the Red then we can see A Gap Down Opening for our Market Tomorrow.
Since 4440 has been a Trend Reversal Point, a fall below 4440-4430 would invite panic Selling.
And I fear if Nifty Breaks 4413-4409 then fall upto 4378 can be seen.
If you were online during Market Hours I would had suggested you to book your profits 50 to 60 points up in Profit.
Luckily if Nifty Fut Doesnt go below 4440 then there is nothing to worry but I would ask u to be cautious and Watch that 4440-4430 zone and place your S/L accordingly.
Regards,
Shravani
PHP:
Hello Shravani
I am holding Nifty futures long position bought at 4447 and kept stoploss whole day at 4438 , its an positional trade can u suggest me do i have to change my stoploss for tomorrow trading after seeing US markets here because nifty fut may open below stoploss . or should i allow it to get stop out.
Regards
Devan
If International Market especially Dow and Nasdaq close in the Red and if Asian Markets Open in the Red then we can see A Gap Down Opening for our Market Tomorrow.
Since 4440 has been a Trend Reversal Point, a fall below 4440-4430 would invite panic Selling.
And I fear if Nifty Breaks 4413-4409 then fall upto 4378 can be seen.
If you were online during Market Hours I would had suggested you to book your profits 50 to 60 points up in Profit.
Luckily if Nifty Fut Doesnt go below 4440 then there is nothing to worry but I would ask u to be cautious and Watch that 4440-4430 zone and place your S/L accordingly.
Regards,
Shravani