Nifty
:
Nifty
has closed at 7736.30. It is a flat to positive close. After a huge breakout,
another up move was expected but it did not come. Now a slight correction or a
range bound movement is expected tomorrow. If it sustains above 7750 and trades
above it, then only it will show the real strength and move upward. One must
keep a trailing Stop Loss of 7600 for a long in Nifty. The upper targets are
intact as 7800 & 7860 for a short period of time. In case of a
sustained trade below 7600, one may see the Nifty marching towards 7500
& 7430 kind of levels. Keep these levels in mind & trade safely.
Bank
Nifty :
Bank
Nifty closed at 15,936.20; Bank Nifty is trading in a range & unable to
sustain the higher levels. Today it has taken a breather. Now for short term
basis, one may keep a Stop Loss of 15,700 for fresh / recent longs in Bank
Nifty. 16,200 / 16,400 are very much visible on the horizon. So overall the
trend is good. Keep holding longs until it breaks your trailing Stop Loss.
If you can not update blog regularly,please close this blog. Big nuisanse
ReplyDeleteIt’s nice posting for the particular topic, thanks for it CapitalStars
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Thanks!!
Nice post really very informative
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