NIFTY
has given a close at 7475.80. On the day of 23rd June, 2014, NIFTY has
made a low of 7464.40. Today NIFTY has broken that low and made an intraday low
of 7445 but closed at 7475.80. Since NIFTY is still in the zone of support and today
was the sixth day of down moves. As we have already mentioned that the trend is
reversed for a short time period, until the new top and close is made, no
buying will sustain. But as we said, there may be a bounce
and we may witness a
lower top which is expected to be made very soon. Only a new top may reverse
the trend again from down to up. So till then, every rise will be a selling
opportunity. These opportunities are only for those who are professional
traders. Novice and fresher are advised to sit at side and watch. Any new good
buying signal will definitely be discussed here with all the readers.
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