Dated :- 05.05. 2017                                 NIFTY SPOT : 9359.05

 Hi readers,

Nifty has moved up but not to my satisfaction.

We played this upward breakout and wanted Nifty to move up gradually.

Nifty is moving up slowly and it is stuck at around 9360.

This is not the movement which we relish.

Thus We prefer to book small profits in the long positions at the open today and close the position and step aside.

Now Second thing is to rather go short below 9318 with the initial stop loss of 9416 and we will trail the stop loss later on.

There is high probability that intermediate top may be getting formed.

We will trail the stop loss further to 9387 if Nifty comes down.

The blog is updated at 9.03 a.m. before the market opens.

Trade accordingly.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.