NIFTY has given a strong down red
bar with a close at 6753.95. as we have mentioned yesterday, NIFTY closed below
our level 6775 and one must get out of any longs initiated recently in NIFTY. We
have also stated in earlier posts / research reports that if NIFTY closes below
6695, every longs in NIFTY must be squared off and one must stay aside for the
time being. No short is recommended at this point in time. The level to go
long in
NIFTY is same as yesterday. One can go long above 6825 and keep a strict Stop
Loss at 6675. Once in profit, one must trail the Stop Loss and ride the rally,
rather than book profit on a specific level.
No comments:
Post a Comment