NIFTY ( Futures ) has given a close at 8492.40.Today
NIFTY crossed the range on the upper side and closed well above that 8450 mark.
Since NIFTY has broken the range and that too on the last day of the week, we
might see some more fire work on the upper side and touching the level of 8600
is not ruled out. We constantly advising not only holding long but creating
fresh longs also. Condition is very much same. Now for the long traders in
NIFTY, one must
trail the Stop Loss on the slightly up side at 8400 from 8350
on closing basis of course. Any break and close below 8400 will be a warning
bell for longs. Short selling is not advisable yet. In case of any new trade,
readers will be informed and the levels will be discussed here. Please keep these
levels handy and trade safely.
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