Happy went Long!!!

As written in my last post on 1st March, I went long on the Nifty. Well the move has payed off. I squared up my positions couple of days back basically because markets were not doing anything. I reentered yesterday at 5135, and markets today closed at 5200 :)

I think I will square off again if markets touch 5200+ something. My target of 300 points for the year, on the nifty is thankfully getting met in the third month itself so I am quite happy on that.

Keep trading....

202 points on Nifty

Covered the position at 5100, though markets still look ok and are ready for some good upmoves. Hence I might reenter. I made 202 points on the nifty, that is 67% of the 300 point target i had set out to do at the beginning of the year. Lets see how it goes. Stay invested!

Time to go long!

Markets are looking good. Its time to go long...I had made long positions before the budget, it was kind of a risk that I took, however the thing going positively for this move was that the charts were supporting a pattern of receding MACD and moving towards the 0 mark indicating that things would be changing direction soon....This has got validated with the huge buying of FII's in F&O to the tune of 1600 cr in index futures.....

More so now with the Greece bailout package being discussed, things look as if they would be ok for some time....I have taken positions at 4862, and my aim is to make 300 points in the nifty in one year. Cause just with 300 points you can make around 50% return on ones capital...sounds simple...lets see how it goes :)