Book Profits

We were playing for the Target of 5180. We initiated long on 8th March at 5080. Nifty touched a high of 5168 (Nifty Future) on 12th March. Now Nifty struggles to go past 5150. Also it is trading at critical support levels, so it is better to book profits for now and wait on the sidelines till we get clear signals.


Trendz


Week : Up (Down Below 4920)
Day : Up (Down Below 4890)
Hour : Up (Down Below 5050)
30 Min : Up above 5135 and Down below 5120
15 Min : Up above 5130 and Down below 5120


If nifty opens gap up, then book profits and wait on the sidelines....


If nifty hourly close is below 5120 then it will go till 5080 then 5050.. Around 5050 - 5060 one could initiate a risky long....


Thanks