Ticker

Monday, March 3, 2014

NIFTY



            NIFTY has retraced. Exactly as we have expected. We have advised yesterday, not to take any fresh longs in NIFTY, unless it crosses and closes above 6320 / 6340 zone. It did not crossed even 6300, as expected and mentioned.
            NIFTY has closed at 6239.45. Exactly at a minor support. It is quite possible that NIFTY
break the support and go further down. In case of breach of 6235, there is a strong support exist at 6190 / 6180. Yet, trend reversal is not indicated and we must take it as a correction of an ongoing uptrend. The levels for any short position or any recommendations will be provided, as an when it is required.



No comments:

Post a Comment