As you all can see from the chart
below, that NIFTY has broken out hugely with a great decisive bar and closed at
7043.05 with 2.30 % UP bar. This clearly suggests that we not only have entered
into an uncharted territory, but a new bull zone of a whole new bull market. There
is no point in predicting the levels; rather we must follow the trend. As we
have said yesterday, we still have half of the long positions and those are still open, of
course with a strict trailing Stop Loss of
60 / 80 points. As we are
approaching the result day, the volatility will be more and so does the danger.
So be cautious and be on the positive side with a minimum of 60 to 80 points of
Stop Loss and ride the rally as we might see a huge rally once again.
No comments:
Post a Comment