NIFTY
has closed again at all time high level. Past few months we are stating the
same thing that there is no shorting opportunity. Either it will be buying or
sit aside. This is a Buy on Dips market. Correction will come time to time. If
you are a professional trader, you can trade the correction or else just sit
aside. Our strategy worked very fine. Still there is no signal of exiting or
going short on the index. We might see further higher levels in coming days.
Predicting the levels is a useless exercise; rather we can follow the trend and
ride the rally. We have mentioned Stop Loss earlier also. Even now one can
initiate
fresh long in NIFTY, but Stop Loss of 7670 must be followed strictly
on closing basis for the fresh longs initiated. And for any old longs, one must
keep a strict closing basis Stop Loss of 7530.
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