NIFTY has given a close at 7911.40. As we have stated
in our previous post, we are still holding our longs in NIFTY and we have
successfully taken a support at 7886 on closing basis and we have closed above
that today. A close above
7980 will take the NIFTY to much higher levels. So as
long as NIFTY is holding 7880, we are holding longs in NIFTY and if NIFTY
breaks and closes below7880, we will close all the longs in NIFTY and at the
money puts will be bought, of course with a Stop Loss of 100 points on the
upper side i.e. 7980. Till then, we are holding the longs in NIFTY. Please keep
these levels in mind and trade safely.
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