We have mentioned on 13th
March, 2014 that 6480 and 6400 will act as very good supports. Indeed NIFTY
went below 6480 and made a low of 6461.40 and bounced from there. It
did not
closed below 6480 so again we will have to be on the longer side. NIFTY has
closed at 6538.85. So as we are maintaining above 6520, we are strong enough to
move towards high and newer highs. Longs are advised to continue with strict
and closing basis Stop Loss of 6480.
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