NIFTY
has given a close at 7669.35. Even today, the close is flat. but still the bias
is positive. There is no change in the view. Another 100 odd points’ rally is
still expected. There the NIFTY might face some resistance between the levels
of 7730 and 7760. If NIFTY, does not sustain the level and starts coming down,
it will be a better opportunities for the bears to go short with a strict Stop
Loss of
7800 on closing basis. A good down move is expected then. A close above
7800 will indicate to close all the short and try to find out fresh
opportunities for longs in NIFTY with small Stop Losses, which will be posted
here, as and when the opportunities arrives. So we are in the midst of long and
short. Probably in a very short time the broader picture will be clear about
the next trend and move of the NIFTY. Till then, keep these levels handy and
trade if you can handle the volatility, else one can wait for a better
opportunity with a good breakout or breakdown. Trade safe.
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