NIFTY
has given a close at 7658.75. Though the close is flat, the bias is positive
and we still feel that the trend might continue for another 100 odd points as
we have posted the levels yesterday. A good bounce near the resistance zone of
7730 and 7760, one can go
short with a small Stop Loss of 7800 on closing
basis. Higher close above 7800 will indicate us to close the short and look for
another buying opportunity. Till then sell on rise will be a better idea but
for professional traders only, others please wait and watch for decisive breakout
above the recent top of 7817.85.
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