Dated :- 16.04. 2017                                 NIFTY SPOT : 9150.80

 Hi readers,

Kudos again.

Nifty moved exactly as was mentioned and predicted by me in my previous blog dated April 09, 2017.

It was clearly mentioned that I expect Nifty to make red candle on weekly charts and come down. Nifty did exactly the same. It made a red candle and closed at 9150.

Readers would be remembering that it was mentioned that 9245 on the up side will be very important resistance and Nifty made a high of exactly 9246 and came down from there to make a low of 9144 and closed at 9150.

Readers would be having short position in Nifty.

Now What -

Now keep the short position intact in Nifty.

For better trade management it is better to book part profit in short position in Nifty tomorrow and keep the balance short position intact with the trailing stop loss of 9245. Now 9245 will remain as important resistance level on the up side thus this stop loss should be taken as intra basis i.e. no need to wait for close above 9245.

Enjoy the trade and Enjoy the profits.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.