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Thursday, January 28, 2016

28-01-2016 - Index views

Nifty :
            Nifty closed at 7433.40. Nifty has closed absolutely flat for consecutively second day today. In case upward momentum picks up, and if it sustains the up move, it may go the previously said levels of 7520 & 7600. Even after the good global cues, our market did not sustain the up move and came down to flat close. As stated, 7400 is a very crucial support zone for short term. Any longs must be accompanied with a strict Stop Loss of 7400 on closing basis. If it does not close below 7400 and goes up, enjoy the rally, with trailing Stop Loss of course. 

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