For 12 Nov 2009

 

Nifty might be in last destination of this counter rally. I think 5035 and 5065 level is important to watch.....profit booking will take place in this area....
Thursday...nifty if not crossed 5016 and trade below 4986 then expect 4972/4948/4918....sl for short 5035
On thursday go short as positional with sl 5035 on closing basis....

For 05 Nov 2009

 

What happen y'day was nothing more than dead cat bounce.....but to what extent this counter rally should go..?? only y'days candle formation is positive or say hopeful sign for BULLS...other indicators are still negative...BEARS modd will remain dominant in broader sense....but this bounce will show nifty 4850..??? some signs must show diversions for that....
For wednesday I think....trading above y'days high--4717-- required.....and then again 4724 has to cross ..then we might see 4765....but that is stroing resistance.....and if not cross 4717 and remains below 4695...then 4660/4615....or more in deep we can see 4538 again too......lets see.....

For 03 Nov 2009

 

Selling srill on...as alert given at mid session on my 'Quote-nQoote' box saying that if bounce not sustain then we might see 4680..it touched 4687......and bounced well....
now 4680is very crucial point...If bulls have to show thier existance then no way to come with action in this area...deep below 4590/4560 levels to be watched....on upper side 4765 is crucial resistance...if crossed then 4800
For Tuesday I suggest
BIAS---POSITIVE
RANGE---4680...4715...4715...4765...4765...4815
STRATEGY---Long with sl 4680