It seems Market will Trade around 4500 for a while. So to be safe on SL level I would recommend holding long with SL of 4450, and as said in last week, Short Seller has all ready hit its Upside SL so move out of short. Fresh short only below 4500, with SL of 4550. It seem this rally can extend to 4800 if we consider creation of recent round bottom after election result, i.e. in last fortnight. So Hold on your Long Till 4450 is beach.
Cautious Note:- Currently Daily Technical Indicators Like RSI WRsqr are on overbought zone so tomorrow we may see short correction, Build short position over night, only if Nifty breach 4450 with strong volume.
Blog Archive
- July 2018 (1)
- March 2018 (1)
- November 2014 (1)
- April 2014 (1)
- September 2012 (1)
- June 2012 (2)
- March 2012 (1)
- February 2012 (1)
- July 2011 (3)
- June 2011 (5)
- April 2011 (2)
- February 2011 (1)
- January 2011 (3)
- December 2010 (2)
- October 2010 (1)
- July 2010 (1)
- April 2010 (1)
- October 2009 (1)
- July 2009 (1)
- June 2009 (9)
- May 2009 (13)
- April 2009 (7)
Posts
