NIFTY has closed at 8015.20. As we have stated
yesterday, we have exited all our longs in NIFTY and booked full profit. Now we
are sitting aside and waiting for a good signal. There is neither short signal
is generated nor long signal. In case of breach and close below 7880, one can
start initiating short position by accumulating at the money puts, in which the
risk will be laser. 8000 must be a Stop Loss for the puts purchased. And in
case of
it is trading sustainably above 8050, one can initiate a long position
with a strict Stop Loss of today’s low, i.e. 7959. Please keep these levels
handy and trade safely.
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