NIFTY has given a close at 6760.30,
almost 1 % down. As we have mentioned yesterday about the breach of the level
of 6780 decisively, NIFTY not only breached and traded sustainably below that
but given a close below that also. Please refer the chart below for a better
understanding and reference. So as recommended one must
have sold NIFTY or can
initiate tomorrow at / around today’s closing level and wait for the targets
like 6700 and 6650. Today’s high can be the best Stop Loss for any shorts
initiated tomorrow. Please note that these levels are for short term and once
you are in favorable condition, you can either trail the Stop Loss and ride the
profit or keep on booking partial profits. As NIFTY moves, the levels and
recommendations will be posted accordingly.
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