NIFTY has closed at 7370.95. As we
have mentioned yesterday, NIFTY has come to an important support and there are
fair chances that it will bounce from here. Same way the NIFTY bounced with a
good almost 2 % UP bar. As you all know very well,
NIFTY is in a strong up
trend. The strategy is still the same, Buy On Dips. 7200 is a strong support as
of now, for short term. We will discuss about the levels later, once it breaks
7200 and closes below that. For short term traders, the strict Stop Loss is 75
to 100 points down from here, from 7371.
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