| TRADE | STOPLOSS | REASON |
| bought @ 6200 NS on 18/12 | EOD close below 6270 | Trendline/Weekly channel |
| Partbooked at 6350 NSon 2/1/14 |
NIFTY ANALYSIS:
Nifty closed the Year end just above 6300 - Highest ever Month/Year closing. 6270 is a major Resistance turned support. Holding 6270-6260, nifty would scale 6400++. The next major resistance is at 6450-6470.
Decisive breaking of 6270 would be the initial step for the fall which could probably break 6000 levels.
The Month TF,vhas closed above the Month HEMA - for two consecutive months indicating Bullishness.
The Week TF has also closed above the Week HEMA - again indicating Bullishness
The Day TF has closed below the Day HEMA - indicating sell on Rises.
The Charts too indicate crucial support at 6270.
HOLDING 6270 IS THE CRUCIAL FACTOR FOR SUSTAINED UPMOVE.
Breakout either above 6330 or breakdown below 6260 would give good moves.
| TRADE | STOPLOSS | REASON |
| bought @ 6200 NS on 18/12 | EOD close below 6270 | Trendline/Weekly channel |
| Sell below 6260 | EOD close above 6270 | Trendline/Weekly channel |
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