Dated :- 17.07. 2016                                 NIFTY SPOT : 8541.40

As mentioned in my previous blog dated July 14, 2016 that I will be looking for selling possibilities, Nifty gave the selling opportunity by giving a rise till 8594 on Friday(July 15, 2016).

Now What :-

I expect Nifty to come to lower levels in coming days.

The actual stop loss is 8676 closing basis. But to avoid the volatility I would like to keep the stop loss at 8787 closing basis and wait for Nifty to come down.

As and when Nifty closes below 8480 book 1/3rd part of profits and keep the stop loss of 8676closing basis as final stop loss for the balance 2/3 of the position.  In that case the stop loss will become either free or very small i.e. negligible one.

    

Enjoy the trade.

Note :- All Levels are Nifty spot levels always.