NIFTY Spot : 6796.40
Hi,
Readers,
Nifty is doing exactly
the same as was mentioned in my previous blog Dated April 06, 2014.
Readers of this blog
would have been short on Nifty since 6750 (spot level) and would have booked
part profit also as was recommended when Nifty fell to 6650 on April 07, 2014.
Stop loss recommended for
the short position was 6850 spot level closing basis.
In any case readers had
already booked part profit now & the stop loss of the balance short
position is basically free i.e. the average cost of balance short position is
6850 spot level or even above.
That is, even if the stop loss is triggered the
position is closed at minor profit or at cost for some.
Hold that part short
position.
Nifty is in euphoria
mood at this point.
Nifty will be inclined
to come down in coming days.
This blog is updated today
just to inform the readers that even if some crazy unforeseen thing happens,
which is not expected at all, Nifty by chance closes above 6850 tomorrow(April
11, 2014 - Friday), even than also hold the short position.
The revised stop loss,
if the need be, will be updated on weekend.
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