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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