NIFTY closed at 7233.65, a flat
close. It was a perfect range bound day. As we have already mentioned earlier
that NIFTY has come to a very important support and it did not break. Now we
have to see on Monday, how it behaves. As of now the strategy remains the same,
Buy On Dips. 7200 is a very strong support. NIFTY might
bounce from this level.
On breach and close below this level, might take the NIFTY another 100 / 150
points down. 6900 is a trend reversal signal for short term at least. Please
trade according to these levels. And put a Stop Loss of 50 / 70 points once you
take a position.
No comments:
Post a Comment