NIFTY
has closed at 7595.55. as we have mentioned many times, that we are in a bull market
and this is a buy on dips kind of market. Any intraday sharp panic or a dip is
a buying opportunity. And as we have stated, the strong support zone of 7480
did not taken out on closing basis. And as a result
we have a bounce back
today. The strategy remains the same, it is a
buy on dips and one can keep a closing basis Stop Loss of yesterday’s
low i.e. 7464 for any fresh longs in NIFTY. Targets are much higher than the
new high.
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