Market was as expected in last four sessions.
Today i expect 2850. One should buy DEC NIFTY @ /AROUND 2850/2880. This is risky trade. Tgt 3050 on MUHURAT TRADING. One should keep additional margin for this trade.
One should keep in mind RBI credit policy today. Market not looking positively to any good news, but if after announcing policy if there is 80/100 points surge in nifty one should book profit today itself in this trade. At the same time keep watch on 2800. Think here about this trade whether to keep or book loss. Do as one should afford. My opinion better to average if it goes down but afgain it is risky.
One more thing RELIANCE INDUSTRY results are not bad.
As far shorts positions are concerned cover it @ / around 2850/2880.
Friday, October 24, 2008
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.
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.
Sunday, October 19, 2008
will get 300/400 points in nifty for longs
as i earlier given hints for 3000 nifty it has came to that level. i think 2990 will give some support. but at this point buy DEC nifty and just one lot add margin with some extra % and enjoy.
you will get at least 300/400 points upwards.
no more at this point.
let's see.
i will cover my shorts at gap down opening on monday and will go long. not heavy but light long positions sure.
you will get at least 300/400 points upwards.
no more at this point.
let's see.
i will cover my shorts at gap down opening on monday and will go long. not heavy but light long positions sure.
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