NIFTY has given a close at 7280. All
the levels, provided yesterday are valid for today also. There is no change in
the strategy as of now except a little change. Now we see the NIFTY is trapped
in a range of 150 points. A break and sustained trade above
7350 will lead for
better levels, and one can go and buy NIFTY with a 40 / 50 points Stop Loss and
breach and sustained trade below 7200 will open some more down side and one
sell NIFTY for 100 odd points as a target. 40 / 50 points Stop Loss is
essential for this trade also. Please note that, whichever way NIFTY moves, once
you have taken a trade and your trade is in your favor, please trail your Stop
Loss so that you will make some profit even if market turns suddenly against
you.
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