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Wednesday, 6 May 2015

Nifty prediction and strategy for 7 May 2015 series - 6 May 2015


Today Nifty shed 200 points just few minutes after we tweeted about potential weekly weakness.

We made cool 100 points in no time. Total Nifty points profit stands at 197 points now.

Tomorrow Nifty is expected to trade sideways with downward bias. But there are few possibilities : 

1. If it opens sharply lower, then sharp recovery will be observed.

2. If it opens flattish, then it will move downwards slowly.

So, don't short any sharp gap down opening.

7800, 7500 coming soon.

Anjum S Khan