The result of election is out and
NIFTY has closed at 7244. We have seen a top of 7625 and then came down. NIFTY
can still go a bit down. But since overall trend is up and NIFTY also has
entered into a new zone itself. As downward movements will come time to time,
we must follow the Stop Loss but net trend will be up and in coming weeks we
might see the UNIMAGINABLE levels on upper side. But that does not mean that
NIFTY won’t come down. We must trade every small trend, but the bias will be
positive for a couple of years now. Still one can go
and buy NIFTY with a Stop
Loss of 7050. one can buy NIFTY near Stop Loss so the risk will be minimized. So
for the time being the strategy will be “buy on dips.” In case of trend reversal, we will be posting
the levels to trade the short side.
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