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Sunday, November 23, 2014

23-11-2014 - NIFTY ( Futures )



                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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