Nifty Blog by CA. Sachin Aggarwal

Dated :- 23.02. 2020                                 NIFTY SPOT : 12080

                                                                                                         

Hi readers,

Nifty came down as was mentioned in my blog dated Feb. 16, 2020.

It was clearly mentioned to go short when Nifty was at 12113.
Nifty made a low of 11908 and then bounced to close at 12125.
But did not breach our level of 12135 on closing basis.
After that Nifty again came down to close at 12080.

Now what :-

Part profit has already being booked in the short position at 11940.
Now for the balance part of the short position keep holding it with the trailing stop loss of 12135 as was mentioned in my previous during the market blog.

As a trader, trailing positions should always be allowed to trail till the time market allows them to be in profit.
Else let the trailing stop loss go, because in that case also the trade is exited at profit.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

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