NIFTY ( Futures ) has given a close at 8575.35. NIFTY
closed at 0.20 % down. As we have mentioned earlier, this might be a start of a
small down move but at this point in time there is no signal of going short on
NIFTY. For very short term traders, there might be a
chance to trade in short
side i.e. one might sell the NIFTY if it breaks 8540 and sustains 15 minutes
below this. A strict Stop Loss must be maintained at 8600. Close below 8500
will be the first indication to get out of all the longs in NIFTY. Short tem
traders can enjoy their gain and trail the Stop Loss and ride the profit, long
term traders can sit aside and wait for proper and strong signal to re-enter
the trade. Till these levels are seen on the screen, our stance and position
for NIFTY will be remaining the same. Please do not forget to keep a strict
Stop Loss. Keep these levels in mind and trade safely.
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