Dated :- 19.11.2013 (TUESDAY)

                                                                 NIFTY  Spot :   6203.35

Hi,

Readers,

As was mentioned in my last blog that if Nifty crosses 6170 it will gain strength. Yesterday it did the same.

Today Nifty showed strength and was up only 14 points and closed at 6203.35.

NOW WHAT :-

Nifty close above 6170 should have given more strength to Nifty and it should have moved up with good pace.

But since Nifty was up only 14 points today which shows that the quality of strength which should have been there may or may not be there.

So, what does readers do:-

It is always better to be on safe side and protect profits first.

Whenever you have any indication of doubt you should first think of protecting profits first.

Since I do not write blog during market hours thus readers would not be able to get the idea what Nifty exactly is doing. Since readers of this blog are long from 5980 around levels. And some might have made further longs yesterday when Nifty went above 6170.

Thus readers of the blog are advised to book profits from all Longs in Nifty and step aside.

Enjoy the profit.