In the last post, we published monthly, weekly & daily outlook on nifty. In the daily outlook, we had mentioned 7200 level could act as a strong support & one could go long around 7240 with a stop of 7190. Nifty made a low of 7239 & raced to 7592 finally to close at 7583 giving a profit of almost 350 points.
Although nifty is touch short of 7600, it still looks to be strong. Look at the increased volume activity in the recent trading sessions. It is indicating definite strength in the index. So we recommend to hold on to the long positions with a stop of 7440.
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