Dated :- 14. 06. 2014                                 NIFTY SPOT : 7542.1

Hi,

Readers,

Again like every time before I have predicted the exact level from where Nifty shall start correction.

On June 09, 2014(Monday) itself I had mentioned to close all the long positions & step aside. Blog was updated during the market time at 10:30 a.m.. At that time Nifty was at 7650.

Look Nifty corrected around more than 125 points from there.

I hope reader would have enjoyed the profits. And would have also enjoyed the timely caution that this market is about to correct.

Now What :-

Now 7490 is a critical level. Only if Nifty breaks 7490 comprehensively & stays below 7490 then further downside to 7420 – 7400 can be possible.

Those who are short in Nifty, Part profits should be booked in the short position here and for balance position the trailing stop loss shall be 7680 closing basis. 

Enjoy the profits.