NIFTY is still strong and going
strong. As expected and mentioned earlier, NIFTY is in a strong trend and
expected to continue the performance. Those who are holding longs in NIFTY
should continue holding with a closing basis Stop Loss of 6480. Breach of this
Stop Loss on closing
basis will tell us to exit all longs in NIFTY and stay
aside till the time it closes again above 6525 and sustains there.
Close below 6400 will indicate and
tell us about the opportunities which will arise for shorting the NIFTY. We can
discuss the levels then at that point in time for further targets and Stop
Loss.
Nice info!Useful post for everyone. Thanks for sharing.
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