NIFTY
has closed at 7748.25. As expected, NIFTY bounced again and traded sustainably
above 7700. It is maintaining its move towards the highs every day. Today one
can trail the Stop Loss again a bit up at 7600. A buy recommended yesterday and
first target of
7720 was achieved and it made a high of 7755.90, in the process
of achieving the second target of 7780, but could not achieved. One can still
buy on dips around 7650, with the Stop Loss of 7600 or one can initiate fresh
longs in NIFTY on the breach and sustained trade above 7760. Bright chances are
there for NIFTY to make a new high above 7839. One must trade according to the levels
and trade safe.
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