NIFTY
has closed at 7718.20. Strong close today. There was flat trade after a gap up
opening. But in the second session, in the last hour NIFTY gained more points
and closed at 1.30 % up. As mentioned in our previous post, if NIFTY trades and
sustains above 7750, we might see a good jump and see NIFTY on a much higher
levels. Till then
we will continue trading in a range between 7600 and 7750. Wherever
and whenever it breaks and trades sustainably, we will see a good move of at least
150 / 200 points. Small traders are advised to not to trade before monetary
policy announcement by RBI as the market might become a bit volatile and small
traders may not digest the volatility. Let the market settled down and then to
take any position in NIFTY after the trend is clear. Professional traders can
trade cautiously keeping these levels in mind
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