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Wednesday, May 7, 2014

7-5-2014 - NIFTY



            NIFTY has closed at 6681.65. We have already mentioned yesterday that since last few days NIFTY is stuck in a range of 60 points between 6620 and 6680. We have also suggested to go and open a position in a direction where NIFTY breaks the range, keeping the other side of the range as a Stop Loss. Today it broke the range on the down side of 6720. As expected NIFTY came down and made a low of 6671. One has to
hold the position and one can add the fresh short position also. A strict Stop Loss must be maintained at 6780.




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