NIFTY ( Futures ) has given a close at 8638.35. NIFTY
bounced and gave a huge gap up with a whopping 1.70 % up bar in closing. This
is what we were expecting after a long range bound movement with consolidation.
Here on this platform, we were continuously writing to not only hold the longs but
creating fresh longs also, of course with a strict Stop Loss which did not
happened. Secondly we were quite positive about the moves and the upside target
of 8600 since long. It happened on Friday, 28th November, 2014. At
this point in time it will be difficult to take a decision to go long but
believe me, this is not the end of a bull run, in fact we are just starting it.
As we have said earlier also, we have
entered into a long bull run for much
higher levels then we have seen on Friday. We will be witnessing time to time
correction, range bound movements and down days but those will be temporary.
Again we are saying, there is no signal or indication for going short on NIFTY,
in case we have the signal will be discussed here. Till the time holding longs
will be a much better and profitable strategy. Any dip can be utilized for
entering longs but this advise is only
and only for those who are holding NIFTY long position since long.
When to exit these long
positions will be discussed later in case market gives indication. For very
short term or dare devils who wants to enter fresh in NIFTY long can have a
strict but closing basis Stop Loss at 8520. Rest, all well if you are in long
side. Keep a Stop Loss mentioned here and ride the rally and trade wisely.
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