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Tuesday, July 8, 2014

8-7-2014 - NIFTY



            NIFTY has closed at 7648.75. Today NIFTY cracked with almost 2 % down bar. The fresh longs are squared off today in NIFTY once it broke 7670. Still we don’t suggest any short selling. All the old longs are still on hold with a closing basis Stop Loss of 7530. No fresh trade is suggested either. One must hold
longs with a proper Stop Loss and any intraday opportunity for any fresh trade will be provided to the subscribers. So as of now there are no fresh longs and no fresh shorts in NIFTY. Market is still buy on dips mode and runs on stock specific movements. Please refer the next post for a stock recommendation.



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