Wednesday, 9 April 2014

Nifty Update -9.4.2014


Nifty gave a robust move today and surpassed its previous high  of 6776.75  made on 3.4.2014, today it made a high of 6808.70 and closed at 6796.20 this indicates that down correction is over and it has resumed the up move again,going up it will find resistance at 6868 / 6917 / 6952 / 6988 / 7057 /7197.


REMARKS:-  One can go long in nifty with a closing stop-loss of  below 6730  for the above stated targets but for the positional trades the real stop-loss would be closing below 6650.Market is in great momentum and volatile, so trade carefully and cautiously.Kindly follow stop-losses religiously.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.
            2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.
            3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN                        AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade


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