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Monday, May 18, 2009

For 18 May 2009



Friday's trading strategy was not that much satisfied me as my earlier did....all four calls given on thursday as positional got sl hit.....thursday's closing forced me to change my views......else I was saying if 3536 is protected on weekly basis then we will see 3820...actually weekly close was positive..so we are heading towards 3820.......
For today of course gap up is expected...this is fifth gap....this is against law...the day /week will come when at least 3 gaps will be get filled.......let's wait for that...today dont be hurry in taking positions......if long book at least 50 % in first half an hour.....now 3755 will get crossed by gap up...and 3755 will become support hereafter......so dip upto 3755 will give another opportunity for thenm who missed this gap up rally...of course one has to take a review at that time also....but i am of the view that nifty will not stop for next three weeks including current.....(expiry strategy is different topic)...nifty heading towards 4200..of course ups and downs woill be there...
for today i think 3820 at opening/ in first hour......if crossed then 3905....
For retailers be catious in next two days......
ALERT: EUPHORIA DOSEN'T EXIT LONGER TIME....!