Dated :- 13.03. 2017                                 NIFTY SPOT : 8958.70

Hi readers,

HAPPY HOLI TO ALL

Nifty has moved exactly as was mentioned in my previous blog.

It is slowly and steadily moving up.

We have suggested to be long and keep buying with the stop loss of 8780 for higher targets.

Nifty has also formed bullish triangular pattern on hourly charts.

And now we have the news of BJP winning U.P. elections also backing our analysis.

That is why there is a saying in the markets that charts form first and news comes later.

Charts were saying that in this type of pattern the first breakout is expected to be on the upside.

Now What ;-

Now tomorrow Nifty is expected to open higher.

Our first target was 9050 and next important target is 9264.

But, As I always say that profit woh hai jo ghar aa gaya.

And it is expected that Nifty will give higher opening tomorrow.

Good strategy shall be to book profit in 2/3 rd of the positions immediately at open and hold the balance 1/3rd positions for the target of 9200 to 9260 and there book full profit and step aside. The trailing stop loss for the balance of the 1/3rd position shall be 8966 Nifty even on intraday basis.

I believe that 9200 to 9260 which is our next target for Nifty is the good place where full profits can be booked and step aside.

Good profits in small time should never be left on the table.

Although the kind of pattern Nifty is in it can show even higher levels also and for those moves it will again give fresh opportunity/entry points.

Trading in markets is like a GAURILLA WAR make a strategy and gain energy and go for the trade/attack and gain ground i.e. make money and come back again, make a strategy gain energy and repeat.

Enjoy the profits.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.