NIFTY
closed at 7877.70. Please see the chart below to understand the breakout. Since
past few days we were continuously advising from this platform to buy the NIFTY
with proper Stop Loss and one can see all the previous posts, how beautifully
one must have earned if followed the levels mentioned here. Even in the last
post we have mentioned to maintain the buy and as per our level, it has closed
above the mentioned level of 7865. So we are going to witness a fire work in
indices. As we are trading on an all time high, now there will be no
prediction. One must
ride the rally and the Stop Loss also came a bit up at
7750. So one can initiate a fresh buying, or hold the old buy, the Stop Loss
will remain the same. On the breach and close below 7750, we will exit the
longs. Till then, ride the rally and enjoy the higher levels with good profit. Trade
safely.
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