NIFTY
has closed at 7915.45. Today again it has made a life time high. Since the
close is flat, the long positions must be on hold. Today was the 5th
consecutive flat day where NIFTY has not closed above / below, more than 0.04 %
from the previous close. This move must be treated as a consolidation and NO
decision must be taken as far as new positions or fresh positions are concerned.
One must hold the old / recent long positions in NIFTY with a strict closing
basis Stop Loss of 7780. Below this level, one must get out of longs and sit
aside. Short positions are best avoided. Further indications, levels and
recommendations will be provided as and when the signal arises. Till then hold
long, keep a Stop Loss and trade safely.
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