NIFTY has closed at 7416.40, a flat
close. After taking a support around 7200 and again it has given a flat close
after a good bounce. Strategy remains the same as Buy on Dips. Any intraday sharp
panic must be utilized as a buying opportunity. Any fresh longs
must be
followed by a strict 75 / 100 points of Stop Loss. Initiating short positions
are not advisable at this juncture. Any signal
for that will be discussed here once it is generated.
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