Monday 24 August 2015

Nifty falling knief

25 Aug 2015
Nifty move is just like falling knife, every time you go against trend, you get hurt badly.
Out mid-term level 7940 levels hit today.

We prefer to go sell on rise strategy, however for day traders important levels are 7878. One can look for best opportunity to enter around 7840-7860.
Mid-term we could see further lower levels 7520-7426 after one retracement.

Conclusion: Nifty should touch 7800-7723, till it's trading below 7885 levels.

…stockstopp(stockstopp@gmail.com)

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