Update as on 20 Feb’13

Nifty as on 20th Feb’13 – 5964.30

It was quite frustrating day, as Nifty remained range bound during whole day and closed with weak candle, which makes me more cautious now. I would prefer to stay long with trailed stop loss as my cost price.

Bank Nifty as on 20th Feb’13 – 12410

Bank Nifty did not move above level of 12515, so my trade is not triggered and now I will look for fresh setup.

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