As mentioned in previous posts /
research reports, NIFTY was unable to cross and sustain above 6770 and was just
touching and coming down for last two days. As the trend is up and we were
suggesting the same thing, NIFTY closed above 6770, at 6790.20, one can
definitely
go and long NIFTY, of course in a small quantity, with a Stop Loss
of 6700 for fresh longs and 6600 for old longs. As NIFTY is also in a break out
mode, mush higher targets are expected, but a minor hurdle will be there for
NIFTY to handle between 6820 and 6850. A successive close above this level will
push the NIFTY upward with massive force as what we assume. So please trade
accordingly with proper Stop Loss and targets and position yourself.
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