NIFTY has closed at 8136.70. As we have mentioned
yesterday, a buying signal was generated today above 8050, and we are long
again. As stated yesterday, a sustained trade and close above 8050, again led
us back to the longs in NIFTY. For any fresh longs or the longs which are
bought today, a
strict closing basis Stop Loss must be maintained at 8020. The breach
and close below 8020 will tell us to exit the longs and sit aside to wait again
for another good signal to get back in the trade. As of now, the strategy is to
go long and keep a Stop Loss of 8020 on closing basis. Please keep these levels
handy and trade safely.
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