Todays Trade has alot to say!

Just yesterday i talked above 8000+ levels on Nifty and today opening trade would have given a nightmare to most of you but those who took this as a opportunity as a trade on my recommendation, Hats off!  You might have even read on my post that i mentioned above a minor profit booking anytime and today was that day. As per my calculation if we trade above 7909 which is yesterdays high than we can get to 8100 pretty soon. On the downside, today we pinched low exactly at 200 day SMA at 7780 which should act as support confirmation. So for a new trade you must keep in mind range of 7780-7900 beyond which you can take trade accordingly. Though i am still biased for a long trade.!!!

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