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Monday, May 5, 2014

5-5-2014 - NIFTY



            As mentioned in our previous post / research report, NIFTY is still between the range and could not move out. Roughly the levels are very much same as given in previous post. One can go long
if trades sustainably above 6780 with a Stop Loss of 6720. And one can go short if NIFTY trades sustainably below 6720 with a Stop Loss of 6780. Target for long can be set as new high and target for short can be set as 6650 for the fisrt target and close below that can lead it up to 6600 and probably 6500 also.



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