NIFTY has closed at
7622.60. In our previous post, we have stated clearly that, even if NIFTY
trades and sustains below 7705, one must exit from the longs in NIFTY. It closed
well below 7705. So any long trade in NIFTY will be justified only above
7750 and
not at all before that. In fact, one can initiate a very short term short
position below 7600 in NIFTY with a very strict Stop Loss of 7700. One can even
carry the short position for the next day, if NIFTY closes below 7600. Other levels
and trading strategies will be posted here tomorrow. Till then, keep these
levels in mind while trade in NIFTY. One can even trade in options and take the
future NIFTY’s levels for position initiation, targets and Stop Loss. By trading
in options you might minimize your risk.
No comments:
Post a Comment