Nifty
:
Nifty
has closed at 7726.25. It is a flat to positive close. After a huge breakout,
another up move was expected but it did not come. Now a slight correction or a
range bound movement is expected tomorrow. If it sustains above 7740 and trades
above it, then only it will show the real strength and move upward. One must
keep a trailing Stop Loss of 7600 for a long in Nifty. The upper targets are
intact as 7800 & 7860 for a short period of time. In case of a sustained
trade below 7600, one may see the Nifty marching towards 7500 & 7430 kind
of levels. keep these levels in mind & trade safely.
Bank
Nifty :
Bank
Nifty closed at 15,969; even Bank Nifty is in a breakout mode. But today it has
taken a breather. Now for short term basis, one may keep a Stop Loss of 15,700
for fresh / recent longs in Bank Nifty. 16,200 / 16,400 are very much visible
on the horizon. So overall the trend is good. Keep holding longs until it
breaks your trailing Stop Loss.
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