NIFTY
closed at 7559.20. as we have already mentioned, 7500 is the nearest strong
support. NIFTY might find a good base over there for the time being at least. A
close below 7500 / 7480 will force us to close all the longs in NIFTY for the
time being. The general
trend is up and we believe that the Buy on Dips
strategy works very well. Any intraday panic or a small correction will be a
buying opportunity with a 75 / 100 points Stop Loss of course.
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