Nifty

Nifty closed at 6279.95 ( 1.30 % ) as discussed earlier, bias should be positive and this strategy paid well. In previous posts, we have mentioned that close below 6150 will start creating panic. That should be the Stop

Loss for longs. Whether to sell short at that time or only exiting the longs, that will be decided at that point in time and at this juncture that discussion is irrelevant. Even a sudden fall of 100 points in Nifty might not change the trend but as I said, that will be decided later. As and when it happens. For now, stay long, with proper Stop Loss in place.