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Sunday, August 24, 2014

24-8-2014 - NIFTY



            NIFTY has closed at 7927.55. Today’s close is again a flat close but the bias is positive. Today it has made again not only a life time high but a life time high close also.  So our level for those who are holding long is same. Trail the Stop Loss and ride the rally is the only mantra. By trailing the Stop Loss up, those who are holding longs, can up the Stop Loss from 7780 to
7830. This Stop Loss of 7830 can be set for new and fresh longs in NIFTY also. Close below 7830 will tell us to exit the longs from NIFTY and sit aside and wait for another good signal to re-enter the trade. Trade safely.



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