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Thursday, April 16, 2009

For 16 April 2009


I SAID"it seems that opening will be with flat to negative bias...resistance @ 3400/3420/3445..support@ 3340/3295/3255...Today again go short @ opening if nifty didn't cross 3390 ( you can ignore this 3390 factor) with sl 3420if 3340 breaks then carry short as a positional for tgt of 3295/3255 in 1/2 session.....for intra keep watch on 3340 for covering shorts..if didn't sustain above 3340 expect more gains in short...
At opening there was no chance to short...gap down and gone upto 3311..just short to 16 points of my tgt....it turned there ..little pause @ 3340..and then never seen back...on my "QUOTE...nQUOTE" box I had alerted whenit crossed 3340....and when crossed 3420 I told again that nifty heading towards 3550those who followed me must have earned well..those who were online wihtme might have entered long @ 3420 instead of general psychology of booking longs there.....
Today we might see 3550..book all longs there...and go 50% short even intra cannot book profit in short now carry it...Yes I expect nifty upto 3700level...but once again it will come down 3440...there will see whether to buy @ dip or rally becoming weak...today resistance 3550/3600......support 3495/3440/3414...y'day on my "QUOTE...nQUOTE" box given 5 free calls....2 got sl hit..and 3 got tgt achived...allwhich got tgt done proved SUPER DUPER CALLS....good luck...!