Last close 6744.20
Nifty closed down 41.75 points at 6694.35 while Nifty future closed at 6744.20, premium of 49.85 points. FIIs bought in Cash, net buy 232.46 Crore while DIIs sold big chunk, net sell 1125.06 Crore. FIIs sold in Index Future, Stock future but bought in Index Option, net sell 929.45 Crore..!!!
Nifty making new high on daily basis, but what is good for all those investors who bought real estate, capital goods and infrastructure stocks in 2007. How would it matter to them whether Nifty is at a new high or not? Their wealth, which got destroyed in the last six years, has not been even half recovered, though Nifty has scaled new highs.
Guys just shut ears to the media hype on Nifty touching a new high every day. Trade with high caution now…!!! Now whether the number is 6800 or 7000, there is no point in guessing it. Traders put a trailing stop loss on their long trades.
On the lower side as long as 6609 remain intact this rally will going to last, if breaks and close below will show first major sign of weakness.