NIFTY is trading in a range with a vigorous
volatility. After a volatile session, it has give a flat close at 7361.80. As we
have already mentioned in our earlier post, till the time NIFTY does not break
and close below 7050, the bias is positive and one must buy on any intraday sharp
panic like today and sit tight with a Stop Loss
of 7050. If it closes below
7050, we have to sit aside and wait for it to sustain above 7050. In other case
if it closes below 6900, we can treat it as a short term trend reversal. The levels
for shorting will be provided later with the targets and Stop Loss, once NIFTY
breaks 6900 and closes below that.
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