NIFTY
has given a close at 7497.95. Again it tested the lower levels and our level of
7480. But did not break and closed below that. Now there is a very crucial zone
of support between
7480 and 7460 roughly. A close below this zone will tell us
to close all the longs in NIFTY and sit aside and wait for another bigger
signal to trade. So please keep in mind these levels and initiate trades
accordingly.
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