INDIAN STOCK Ichimoku Trade of the Week: NIIT Ltd., January 14 – 18, 2013

This is the weekly trade for the Indian Stock Market.
We received an Email Alert on January 14, 2013 for a 3 time frame Buy / Sell opportunity.

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.

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author Vinesh Midha