NIFTY has given a close at 7141.05;
today was a mild day as compared to previous three days. And it is quite
obvious that NIFTY will pause for a while as we have gained almost 7 % in three
days, which of course not a small gain for an index like NIFTY. We are still
bullish and riding the rally by keeping our Stop Loss trailing. Breach of 7050
will force us to square of all the longs in NIFTY for the time being. So this
level will act as strict Stop Loss. And please remember, this is not a short
selling signal, but just an exit from longs in NIFTY. Any fresh longs in NIFTY
must be treated with utmost caution. Any fresh longs in NIFTY must be accompanied
with a strict Stop Loss
of 7050. One must be cautious about the quantity he /
she trades. These strategies and trades are for professional traders who attend
the market regularly with professional mindset. Others are advised to keep a
safe distance from the market and from taking fresh longs in the market, till
the next week.
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