1. Date 09-July-2012
2.Market - NSE Nifty Futures Contract
3.Amount committed - 2 Lots of Nifty Futures
4.Why did you do the trade
JNSAR(5230) and trailing stop loss between between 3 sma and 12 sma favours long. 5340/5380 was was Target.
5.Entry price- 5263
6.Risk - 10 points (bullish engulfing pattern)
7.Initial Target - Daily timeframe Resistance 5340/5380
8.Exit Price -
Exit 1 lot @ 5340/Exit 1 Lot @5250
9.Analyze the trade -
Target was acheived for 1 Lot @ 5340 . Because of Gap down - I need to close second Lot.
10. Postmortem -
This trade worked as planned.
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