Wednesday, May 14, 2014

Update on Nifty Future

Trend is up Unless and until Nifty closes below previous day's Low. Trading may be highly risky. 7100 emerging as a strong support.  Holding onto the longs positional is far better. We already know when to exit.  Yesterday mentioned that 7029 is the Stop loss for all longs for the Month and 7069 for the Week but first S/L will be close below 7078.8 - (Yesterday's Low) for Nifty Future and Close below 7067.15 - (Yesterday's low) for Nifty Spot.

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