NIFTY
has closed at 7791.55. It closed flat to slightly up. Though the bias is
positive, extreme caution is required. As we are lacking the follow up buying,
the trade size must be kept very small. The final resistance is at the life
time high and once closed above that, we might see a spurt in NIFTY with a big
up move. Until then all the longs must be followed with a strict Stop Loss
of
7670. Any fresh longs can be initiated only with the Stop Loss of 7730. All the
positional longs must be squared off and sit aside is closes below 7670. So please
keep these levels handy for small size trades.
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