Friday, August 24, 2012

Good Set up in Bank Nifty

We will play with these two price levels for next two days 10550 and 10350 for bank nifty cash. Breach of either will signal move in the same direction with 10550 becoming stop loss for long on breach and 10350 becoming stop loss on short on breach below.
Simple Ain't it!!
Btw those who kept an eye on gold silver and pressed the trigger at right time were rewarded handsomely. Not a bad point for a trader to take some profit off the table. And for investor its a signal that start accumulating gold and silver as it looks like its coming out of consolidation and readying for upmove.

1 comment:

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