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Monday, March 31, 2014

31-3-2014 - NIFTY



            NIFTY again made a life time high of 6765.90. NIFTY closed at 6739.65. As expected and mentioned very strongly that even though we have a strong up trend, we might face a small hurdle between 6745 and 6770. And it exactly touched and stopped at 6765.90 and retraced
almost 60 points from that level and made a low of 6706.95.
            Even today we have the same levels as yesterday. And one can hold the old longs with a strict Stop Loss of 6600 on closing basis and initiate a fresh long only if NIFTY sustains above 6770 and one can keep a strict Stop Loss of 6700 for fresh longs.



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