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Sunday, May 11, 2014

11-5-2014 - NIFTY



            As stated in previous post / research report, NIFTY crossed and traded decisively above 6780. Covered all the shorts and initiated longs. For shorts, the target was at 6650. It bounced from 6661, so booked profit in half positions. Remaining got the Stop Loss, so made very small profit. Even in longs, which are initiated at / around 6790 / 6800 we have booked profit in half positions. ( Intraday subscribers were informed about all the moves. ) some longs are still open and will decide the next move during the market hours. At this point in time, only suggestion is
either be on the long side or sit aside. And as mentioned earlier, for any longs in NIFTY, 6720 will be a strict Stop Loss. But again, that will not be the case for going short, at least at this point in time it seems like that. Any bigger move and levels will be posted in due course of time.



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