In last week there was nothing much to add in my earlier views....and I was busy with some other works.....as i said in my last post nifty resisted / paused @ 3480.....and the way nifty behaved on expiry day...i expect now 3750 in coming sessions....this move will be very fast...and point to mention is that...THIS WILL BE THE LAST OR ENDING POINT OF THIS RALLY STARTED @ 2540......AND THIS IS CHANCE TO SELL THE PORTFOLIO.....AS I SEE 3775 AND ABOVE NIFTY WILL NOT SUSTAIN AND THIS YEARLY CLOSE WILL NOT BE 3550++...EVEN IT RALLIED ANOTHER 300 POINTS AFTER 3775......LEAVE THOSE 300 POINTS...IF YOU ARE TRACKING YOUR PORTFOLIO FROM 2540 OR EVEN 2950 YOU ARE GETTING MUCH MORE ..SO TIME TO CASH THOSE 1200/800 POINTS IN NITY RATHER THAN THINKING FOR ANOTHER 300 POINTS......SO SELL OF ALL HERE AND WAITH FOR AT LEAST 3150/3000 TO RENTER........FOR NEXT RUN....
Now for short term......one may ride on this rally..but remember to exit with the points you getting intra or limit is is 3750/3775......there after go short with every rise with sl 3775 on closing basis ...of course this is for positional traders....
For Monday......even if gap up and nifty is 3540 ++...go or remain long for tgt 3620/3650/3750/3775......late the rally reach the destination (3750/3775) and then there will be opportunity in trading while it gets corrected.....!
today I am not putting any chart......
Few gaps are there in nifty in this rally from 2540....Few of them will remain for longer time...will not get filled....late's see.....
GOOD LUCK!
