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Monday, December 9, 2013

Nifty


Since Dec. 2nd & 3rd, constantly we were writing about keeping the bias positive, with a Stop Loss and go long. The strategy worked well for all of us. Still the bias is not negative. In fact the Stop Loss has shifted
slightly up, from 6150 to 6240, our prime level.  Remote chances are there for Nifty to break & close below 6240, and in that case we have a very strong support at 5970 / 6000. As I have mentioned several times, the close above 6240 in this week end, will make sure the journey towards 6900 / 7200 & further. Small up & downs, profit bookings and small corrections are inevitable; we have to bear with that. Great money comes with great patience. (Proper Stop Loss & discipline are the prime members of the game ).



Happy trading !

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