There was an entry to go SHORT on NIIT Ltd.’s stock. The entry was at Rs28.76 and the initial stop for the trade was Rs.30.93. The risk of Rs2.17 per share. Profit has already been locked in at Rs.28.12. If the price turns around from here and go upwards, there is a sure profit of Rs.0.64 per share. If the price continues its downwards journey we will keep adjusting the stop and will lock in more profits.
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