NIFTY
has closed at 7767.95. And today NIFTY has crossed and closed above the
resistance zone of 7730 and 7760. If NIFTY sustains this level tomorrow and with
follow up buying, we might see
further higher levels. Any long position must be
maintained with a strict Stop Loss of 7670 on closing basis. Above the new
high, NIFTY will enter into a new zone of bull trend. Since we are trading near
all time high levels, precaution and strict Stop Loss is a must with every
fresh long in NIFTY and stocks as well.
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