All my friends make merry by trading the following levels:
* Buy Nifty between 4700-4770 and Cover between 4900-4977-5150.
* SELL Nifty between 5112-5170 and Cover between 4977-4900-4800.
Game of consolidation and range movement of 4700-5200 may get over by Nov/Dec 2011. We may either move towards 5400 / 6200 OR downwards towards 4400 / 3200. So fasten your seat belts and get ready to fly at supersonic speed up or down. Based on research of Nifty 1 year chart and trend lines drawn, it clearly appears that currently Nifty is in downward channel.
* Break 5222 on upside and take away 5400 / 6200.
* Break 4690 on downside and take away 4400 / 3200.
* Break 5222 on upside and take away 5400 / 6200.
* Break 4690 on downside and take away 4400 / 3200.
Now who is sitting on the cash is king and who has the patience to wait for such long time to see when will Nifty break those two levels and invest accordingly will be the ultimate winner.
Happy Trading NiftyDisclaimer: This is not a recommendation to buy or sell, but only a blog for sharing my views on Nifty. Traders/Investors may take their own decision while taking positions in the market.
Happy Trading NiftyDisclaimer: This is not a recommendation to buy or sell, but only a blog for sharing my views on Nifty. Traders/Investors may take their own decision while taking positions in the market.
0 comments:
Post a Comment