NIFTY

After a good start in this new expiry, NIFTY has given a weak close comparatively. As we have already mentioned in our previous posts / report that close below 6320, we will close all our longs in NIFTY. Even though the bias is positive, we have to take utmost precaution for any longs in the market.

We have Buys & Sells, but if NIFTY does not support, nothing will work perfectly in any direction, whether long or short. So just watch 6320 and take any long / short accordingly. 6320 is a Stop Loss for Longs & 6380 will be the Stop Loss for any Shorts for short term. So please take care of your position if it is in NIFTY heavy weight or in NIFTY 50 also and watch NIFTY very carefully.