NIFTY has closed at 8158.45. As stated earlier, 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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