NIFTY
has closed at 7833.75, an all time highest close with a life time intraday
high. Cheers. What a historical moment. As we have mentioned yesterday already,
now we might see a very big up move. For fresh long traders and for short term
traders, the Stop Loss has shifted slightly
up around 7705. One can still trade
in longs in NIFTY with this Stop Loss. Any close above 7900, might lead NIFTY
to another 200 / 300 points sudden jump in a very short period of 2 / 3 days
also. So keep this Stop Loss in mind and trade accordingly. There will be no
short recommendation, only suggestion is to sit aside on the breach of 7705 and
wait for another opportunity to go long. Short selling is not advisable at this
point in time.
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