NIFTY ( Futures ) has given a close at 8479.40. NIFTY
is trading range bound as we have an expiry tomorrow. NIFTY’s close is almost
flat to slightly positive. In coming couple of days the trend of NIFTY will be
a bit clear. Rests of the things have
not changed much. With all the same
levels to trade and as per the views mentioned in our previous posts, the trading zone is still bullish for NIFTY. 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. Those who are
holding longs in NIFTY must maintain the Stop Loss at 8400 on closing basis of
course. Any break and close below 8400 will be a warning bell for longs. Short
selling in NIFTY is not advisable yet. In case of any new trade for NIFTY,
readers will be informed and the levels will be discussed here. Please keep these
levels handy and trade safely.
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