NIFTY

As stated in earlier posts, finally NIFTY tried to break out of range and closed above the level for buying, i.e. 6320 / 6340. Our bias is positive. By rules we have to be on the long side, and any longs in NIFTY must be maintained with a Stop Loss of 6300. As mentioned earlier, below 6300 there will be again no trade and below 6240, there will be a short trade. Please refer the chart below for better reference.