Hello & Good morning...!
We have made a low of 7287 in Nifty today and now it is trading at 7313.
There are fair chances that we are done for further downside movement, at least
at this point in time and for this week, for remaining two days. There is a
good support at 7260, and it has held it for now. In case we do not break that
low, there are fair chances to move up and slowly we might touch the levels
like 7600 / 7650. Any longs in Nifty should be in a small quantity with a
strict Stop Loss of 7260 and the targets of 100 / 200 & 300 points from
here. Any rally, should be used to book profits regularly and exit from all the
longs around 7600. Rest of the levels & strategies will be posted soon.
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