NIFTY has closed at 8062.55. Since past some days we
are stating the Stop Loss level at 8050 on closing basis. Today we have closed
very much near to the Stop Loss. Market is trading on stock specific movements.
Once NIFTY closes below 8050, one
must square off all the longs in NIFTY and
stay aside and wait for another good signal to trade in NIFTY. As there are no
strong selling signal and one cannot stay long below 8050. So the best way to
keep aside for some time and wait for another signal. If NIFTY starts going up,
then one must join the rally. Of course with the strict Stop Loss mentioned
here. Trade safely.
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