02-08-2010 to 06-08-2010, WEEKLY TREND

I expect NIFTY SPOT to trade rangebound. New series started with light OI indicating traders are not confident about further up move. NIFTY SPOT will face R 5410-5420, 5440-50. I will prefer to watch 5440-50 levels for further up move. Failed to cross these levels will attract fresh shorts in market. On contrary sustainable up move above these levels will open door for fresh up move which looks difficult in current situation. On up side, NIFTY SPOT strong R 5480-90. NIFTY SPOT will take S 5280-90. Break below 5270 levels will warn about possible correction. NIFTY SPOT strong S 5220-30 for next week. Stock specific action will remain in market.


Friday, July 30, 2010

LAST LEG.... RALLLLY !!!


FROM NEXT WEEK LAST LEG RALLY TO START ::BIG BULL DAYS:: POSSIBLE TODAY EVEN
AVOID SHORTING IN MARKET .. NIFTY HEADING SOON TO HIT 5560-5580
USE DIPS FOR BUYING SL 5330(modified) CLOSING BASIS NIFTY SPOT.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)