As said in last week NIFTY is now heading towards 5140/5180. Read what I said about NIFTY (http://stockmarketdotcom.blogspot.com/2009/10/for-5-oct-2009.html#links), range and uptrend and see the market behaviour. Since 1st Oct I am saying major upmove is intact.
For Thursday I suggest..
BIAS--- positive
RANGE---5070...5110...5110...5140...5140...5180
ENTRY LEVEL....5110....5140
STRATEGY.....
1)Go long in NIFTY @ 5110...sl 5070....
2)Go long in NIFTY @ 5140...sl 5110...
3)short NIFTY @ ????...sl ????
(NOTE---- Strategy doesn't mean trade.....but to think there for trade ...actual trade depends upon intraday updation......and if traded there what should be ideal sl?? it is shown as sl...)
