NIFTY Closed at 6820, a flat to
negative close as compared to previous day. Still it sustains its strength on
the upper side by not trading below 6800 sustainably. We might hover around the
levels like 6800 / 6780 for some time and then again expect to go higher. At
least, at this point in time, this is a most probable scenario, which might
change once NIFTY breaks 6780 and sustains below that for some time. Then a
short position is advisable for a 100 / 150 points on down side with a Stop
Loss of 6850 for a very short term trade. otherwise, as we have mentioned
earlier, the scenario is bullish and one must search for the buying
opportunities, of course with a specific and tight Stop Loss.
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