NIFTY
has given a close at 7772.85. As today was the RBI policy announcement, NIFTY
has given wild moves and traded between 7788 and 7655. But in the later half,
NIFTY gave a smart recovery and exactly as mentioned yesterday, it blasted and
made a high of 7788.60 and closed at 7772.85. Now the trend is a bit clear and
still one can trade for
fresh long in NIFTY and can keep a closing basis Stop
Loss of 7650. On the breach of 7650 in intraday, one should exit from longs in
NIFTY and if closes below 7650, one should step aside and wait for a good
signal to re-enter the long trade in NIFTY. We do not recommend the short
selling at this juncture. So keep these levels handy and trade safe.
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