3-7-2014 - NIFTY

            NIFTY has closed at 7736.05. After making a highest high NIFTY is consolidated for the day. All the dips and consolidations are buying opportunities. As we have stated earlier also that this is a buy on Dips market. For tomorrow any fresh long position can be taken on any dip with a closing basis Stop Loss of 7630. And for any old longs one must keep a strict closing basis Stop Loss of 7530.