Dated :- 24.07. 2016                                 NIFTY SPOT : 8541.20

Nifty moved on expected lines in previous week.

It went down to 8476 (i.e. below 8480) and then again to 8496 but did not closed below 8480.

Nifty is giving opportunity to book part profits around 8480 and resell it again at higher levels.

Now What :-

The view is still the same.

I expect Nifty to move towards lower levels in coming days.

Keep holding the short position with the stop loss of 8787 on closing basis.

As and when Nifty closes below 8480 trail the stop loss of 8676 closing basis as final stop loss.

Trade Accordingly.

Note :- All Levels are Nifty spot levels always.