Nifty as on 18th Feb’13 – 5906.50

Nifty as on 18th Feb’13 – 5906.50

Today Nifty closed with minor gains. I sense that Nifty has a potential to turn positive again from here on.  To turn me positive, tomorrow Nifty has to move & stay above 5906 than my 1st target would be 5945 with today’s low as a stop loss viz. 5860.  If Nifty moves favorable than trail stop loss with 20 points wiggle allowed. I will add on position only once Nifty moves and closes above 5980, which will be solid confirmation to turn positive.

Please don’t take this as a trading recommendation.

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