NIFTY
closed at 7543.90. It has closed flat with merely 0.60 % of movement. A long
position must be maintained as we have not hit the Stop Loss on closing basis. Fresh
longs must
not be taken at this point in time but maintaining old longs is a
good idea, of course with a Stop Loss of 7480 / 60 on a closing basis. Keep a
close eye on this level for the couple of days and the scenario will be clear
with the decisive trend which is prevailing in the market.
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