NIFTY TREND

Nifty opened gap up 380 points  which is a record high in gap up and also made yet another record by making a high close of 710 points from previous close of 8083

It is easy to look at the records but difficult to catch the moves as the up move during the last one month has been duping the investors as it slips 100 - 200 points in minutes.  The danger of fall is always on the back of the mind as the investors have been once bitten twice shy.

This kind of rally does not confirm the buying interest among the investors as the bottom confirmation is yet to be seen.

You will get my message here when the real buying takes place and nifty reverses.  Till then you must protect your capital and not agitated by this kind of moves. 

Range for the day 8450-8960    BN 18100-19575

Good Luck!