Friday, September 26, 2014

Nifty at a long term support

The low on Nifty spot is bang on a long term trendline right from where this bull run started.

If this support holds, there can be a rally - whether a pullback rally, or a rally to new high, time will tell (rather options charts will tell).



It makes sense now to hedge shorts, or even take naked longs with 7800 as stop loss, on Nifty spot 

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