/*-----ProBloggerTricks-----*/ .pbt-comment-body { background: #EDD579; color: #008000; border: 4px dashed #3399FF; margin:0; padding:0 0 0 10px; width:520px; }

Thursday, October 23, 2008

9900/9700 on sensex and 2930/2850 on nifty

Again Dark Cloud Covered the Indian market.
Today we will see new low.sensex might settle around 9800/9700 and nifty 2930/2850.
See at this level whether market is hurry to recover, chances are remote but, if there is such sign then cover shorts and keeping sl for day;s low go long but not heavy. I f market didn't seen in a hurry to recover at lower level then keep shorts open for tommorrow morning.
My suggession is book 50% shorts at opening and decide later next strategy.
I am short and will follow the above policy.