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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