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Wednesday, May 21, 2014

21-5-2014 - NIFTY



            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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