NIFTY SPOT : 7911.85
Hi,
Readers,
Happy Navratra’s.
Fall in Nifty is
coming as a gift from Maa Durga to readers of the blog.
KUDOS again.
Nifty is
coming down as accurately predicted.
Nifty made a
low of 7877 and closed at 7911.
Book more profits here and for balance of the
position further trail
down the stop loss to 7970 closing basis.
Further I
would like to inform the readers that 7800 to 7850 is very strong support
level. Many die hurt bulls have stop losses at this level. This support area has
the capacity to bring trading rebound in coming days, time will tell.
Further I would
like to again remind readers that I had been accurately predicted the
intermediate top of Nifty at or around 8148. Also, it was clearly mentioned
well in advance in my blog dated Sept. 07, 2014 that a false move above 8148 can
come. And when Nifty make that false move above 8148, Do not get worried and
short sell Nifty when it will cross 8148.
Predicting
intermediate top for Nifty was not easy when Nifty was on fire.
Enjoy the
profits.
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