Dated :- 18.10. 2015

                                                                  NIFTY SPOT : 8238.15

Hi,

Readers,

Kudos again.

View on Nifty was precise and accurate. It was clearly mentioned to use buy on dips approach till 7980 holds. It was also mentioned that 8050 and 7980 are major supports.

Nifty did exactly the same it made a low of 8088 giving an opportunity to buy and moved up from there and made a high of 8246 on Friday.

Nifty charts and indicators were showing strength and were clearly saying that till 7980 holds it wants to go up for the mean time.

When most of the traders were suspicious of Nifty strength and thinking that Nifty is tired and fatigued, readers of the blog would have been confident of buying and would be enjoying the up move.

Now What :-

Book part profit here and Keep holding the long position with the trailing stop loss of 8118 closing basis. The next possible targets are 8338 and 8394.

Immediately Nifty is not expected to close below 8118 on the lower side but, in case, it happens then book full profit and step aside.

Enjoy the profit.