With 58% of index scrips giving a negative close today, shows broad weakness setting in on daily charts. At present holding near resistance levels, there is a possibility of Nifty scaling in to the next resistance at 4630 levels, where stops should be tightened on longs. Broad based weakness will come at those levels.
Our positions in CIPLA & BHARTI are trailing, stop is intact. WIPRO has taken off. Holding all the positions. With 4% of our notional capital risked into trades and no open risks released yet. We are left with another 2% of risk available in our trading capital, which will be used for next trade signals.
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