NIFTY SPOT : 7235.65
Hi,
Readers,
Nifty did exactly the same as was mentioned in my previous blog.
It was clearly mentioned to expect correction in Nifty. At that time Nifty was at 7359.05. Nifty
came down more than 125 points and closed at 7235.65.
It was also specifically mentioned that Do not be bullish in Nifty
rather Nifty will be inclined to come down.
I hope readers would have enjoyed the profits.
Now What :-
Now Nifty is approaching lower end of the range. And periodic profit
booking is always a wise step.
Now this 7150 - 7200 is a good support area for Nifty.
Only if Nifty breaks this support area comprehensively further
correction in Nifty will be there. Else it will move within the range.
Trade accordingly.
Enjoy the profits.
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