Ticker

Thursday, April 3, 2014

3-4-2014 - NIFTY



            NIFTY as we have stated, a hurdle was there at 6820 and 6840. It just touched 6799.65 and came down with a minor profit booking. As we are trading on the highest band of price, profit booking movements are quite natural and inevitable. Those movements are bound to come periodically and with a quite fierce momentum. But please note that unless
it closes below 6580 on weekly basis, the trend is strong and might touch much higher levels than it is now. For traders again, the levels will be same, go and buy on any dip, 6700 will be Stop Loss on closing basis for fresh longs and 6580 / 6600 will be a closing basis Stop Loss for old longs in NIFTY. Please position yourself accordingly.



No comments:

Post a Comment