NIFTY has closed at life time high,
at 6838.15. NIFTY has entered into an unchartered territory. As we have stated
in our previous post / report that a sustainable trade and close above 6825
will indicate us to go long with a 6770 Stop Loss on closing basis. Today we
have closed above 6825 and given a lifetime high close. One can
hold the long
position initiated at the breach of 6825 on upper side. Targets are unknown as
we have already entered into an unchartered territory. An ideal situation is
initiating long with a Stop Loss of 6770 and trail the Stop Loss as and when we
enter into the profit zone.
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