NIFTY SPOT : 7856.55
Hi,
Readers,
Nifty moved exactly as
was mentioned in my previous blog dated Nov. 15, 2015.
Wherein it was
mentioned that Nifty should take support at 7708.
Look the same happened,
Nifty took support exactly at 7714 (i.e. exactly at 7708) and rebounded strongly.
Even the bad news from
Europe could not break the important support level and Nifty again rebounded strongly
form the support of 7708.
This is the power of
technical analysis.
Now What :-
Book part profit on Monday
i.e. Nov 23, 2015 and hold the balance Long position with the stop loss of
virtually of cost at 7720.
As and when Nifty
gives close above 7912 trail the stop loss to 7783 closing basis.
Enjoy the profit.
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