Tuesday, August 19, 2014

Spot Nifty and S & P 500 Update for 19/08/2014

Spot Nifty and S & P 500 have crossed the levels given of 7860 and 1938 respectively which are critical levels on monthly charts. Those who have taken position on per my call should raise their stop loss to cost to avoid being trapped at higher levels. Stop loss levels are same i.e 7860 and 1938 respectively.

On Bank Nifty it has to cross 15720 level yet so divergence seen there. If it crosses that level then you may see lot of action in Bank stocks. So patience is the key.


Happy Trading !!!

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