NIFTY is still in the consolidation
mood and doing nothing as tomorrow is a result day and people are cautious,
which can be seen clearly by the movement of NIFTY since last two days. As we
mentioned earlier, we are trailing our Stop Loss and riding the rally but
please note that all the longs MUST be squared off on the breach of 7050. Again
note that, this will be the indication of exiting longs in NIFTY and NOT
initiating any short positions. Also keep in mind that these positions
discussed are of past and NOT for the fresh positions. NO FRESH positions are
advised tomorrow. If you are not having any positions, please avoid taking, for
at least one day. Watching result on TV might be the better strategy tomorrow.
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