NIFTY Spot : 6189.00
Hi,
Readers,
As was mentioned in my
last blog that 6170 level is important for Nifty. And it was also mentioned
that above 6170 do not short Nifty.
I predicted rebound in
Nifty in my blog dated Nov. 12, 2013 in which it was mentioned that 5950 will
hold and Nifty will rebound from there. And it has done the same.
NOW WHAT :-
Nifty has given close
above 6170 level and those readers who are long in Nifty should keep strict
stop loss in Nifty at 6110.
As the rise in Nifty is
fast and the stop loss in Nifty is not far it is recommended to book part profit
in Nifty and carry the balance position with strict stop loss of 6110.
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