NIFTY is still in a strong trend. It
closed at 6803.55. Again it has closed exactly at support. Please see the chart
below for better understanding ( RSI chart ). For a very short term perspective one can buy
fresh only
above 6825 and the Stop Loss must be at 6775. And once in profit one
can easily trail the Stop Loss and ride the rally. 6695 must be a Stop Loss for
any longs in the NIFTY and once 6695 is taken out on closing basis, one must
not keep any longs in NIFTY.
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