NIFTY
has closed at 7803.70. As expected, NIFTY continues its journey upward. It made
a high of 7811.80 and closed near high. Those who have taken the long position
can hold it for the new targets mentioned in the last post. The Stop Loss of
7650 came up by 50 points again at 7700 on closing basis. As of now there is no
sign of weakness, the close below 7700 will force us to exit from longs and sit
aside but short selling is NOT advisable. For now, just
ride the rally and
trail the Stop Loss, as we are doing past few days, successfully. Once crossed
7839 and closed above 7865, we will see a firework in NIFTY. Till then, trade
with these Stop Loss and targets.
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