I said,’ 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 to 3440...there will see whether to buy @ dip or rally becoming weak...today resistance 3550/3600......support 3495/3440/3414...’
What a day it was…..those who read it carefully might have huge returns…..ya..not 3550 but 3511 and turned …it came up to 3433 n first session…..as said 3440 support….bounced there…..and in second sessionafter breaking 3440 gone straight to 3414……yes I mentioned only last support for the day…expecting more downside and closing deep red if 3414 breaks..it happened same..closed @ 3370 ….those who followed me and traded with own wisdom according to levels…..for them the day was realy memorable….they could have got 150 points day’s full range…ya and if enter /renter it would be almost 200 points…..
Today if 3362 breaks expect more downside…..and 3325 breaks on closing basis then negative trend for few sessions……and if 3393 crosses with volume and close above it then we may touch 3500 again! Supports 3362/3325/3250….resistance 3392/3420/3440/3500.
So if opening is not gap down buy with sl 3362 (spot) for first tgt 3393…if it crosses book longs @ 3420….if gap down and below 3363..go short with sl 3393….for tgt 3325……if gap up and above 3393…..dont short…..to go long or not it depends upon other sectoral indices….but if not crossed 3420 then I will be more on short side......today weekly close is imp…if it is 3350++then this will be 6 th positive week…I expect rally will be turn only in 8th week……of course if today if we must close positive on weekly basis though negative on day…!!!
Y'day on my "QUOTE....nQUOTE" box given 5 calls..all done well...reliance both side and nifty both side....done tgt...sail as positional..just 2 points away of tgt....good luck.!
