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Saturday, June 21, 2014

21-6-2014 - NIFTY



            NIFTY closed at 7525.35. This is almost 8 days since last and life time peak of 7715.55 and NIFTY is constantly correcting by a small amount every day. It has made a low of 7511 and bounced from there. Since long we mention that 7500 / 7480 is a very strong support zone. Even

after it is broken, one must
not go short in NIFTY. Instead they can sit aside and wait for another buy signal. At this point in time we feel that NIFTY might bounce from here or the support levels mentioned above. If it bounces, one can go long fresh and keep a closing basis Stop Loss of 7480.




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