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Thursday, April 3, 2014

3-4-2014 - NIFTY



            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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