NIFTY has closed at 6358.15. It is a small
red bar with 0.01 % down. This is a fourth consecutive day in row it has given
a flat close. A gap up opening on 27-12-2013 and then consistently flat closing
is indicating something is cooking. Moreover, it is a double inside bar kind of
pattern, which might lead to an explosive move ( any direction ). NIFTY is not
confirming any trend as of now, and market is witnessing stock specific moves. There
is a question mark although, how much it will sustain without a favorable
movement in NIFTY. So we have to keep our bias positive, trade long, place
strict Stop Losses and go with the trend.
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