27-01-2016 - Index views

Nifty :

                Nifty closed at 7435.45. As Nifty has closed very flat, levels of 7520 & 7600 are still valid. Only point added today is the support level, which is roughly between 7420 & 7400. As we have mentioned, a sustained trade above 7500 might take it to 7520 & 7600 levels also. Please remember, now every long should be accompanied with a proper Stop Loss of 7400 on closing basis. Riding the rally with a trailing Stop Loss will be the best strategy for now.

BankNifty :

                BankNifty closed at 15,516.20. Same like Nifty even BankNifty closed flat. Pattern for BankNifty is same like Nifty. So even in BankNifty, longs must be armed with a proper StopLoss of 15,400 on closing basis. A sustained trade above 15,400 might take this to 15,800, 16,200 kind of levels. Cautiously long and riding the rally with trailing Stop Loss is a better strategy. Trade safe.