NIFTY ( Futures ) has given a close at 8452.95. Today
NIFTY has shown some upward movement. As stated yesterday, upper band is at
8450 and 8300 on the down side, today NIFTY has broken this upper band of 8450
and closed slightly above that mark. NIFTY is suggesting
the continuation of
the uptrend. But as we have mentioned earlier, No trend is permanent. One must
trade with a strict Stop Loss as we are trading in the highest band of a
trading range. One can hold the longs or
can initiate a fresh long position in NIFTY with a strict Stop Loss of 100
points, i.e. 8350 on closing basis. Please keep these levels handy and trade
safely.
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