Updated for 28 Oct 2009

 

We have to see whether this correction is for entire move from 2930 to 5180..or from 3600 to 5180.. or 3900 to 5180..or 4750 to 5180..
I think 4805/4800 will act as support..and 4785 is important....more downwards @ /around 4730...one can think think here again about strategy as investement as well as positional trading....
For wednesday I suggest long with sl 4785....tgt...4845/4865/4895

For 28 Oct 2009

 

As alert was given on last Friday on my Quote..nQuote box(http://athshree.freeshoutbox.net/),he, who followed it would have got nice returns.....@ 5035 level i said what is going is not well....and on same day I said 'next week 4840'...see what happened...
Y'day ...i given levels 4920...4965......upto RBI policy announcement levels were maintained....see nf high 4964..(wow)....as 4920 breaks it was straight to 4890 and then at last it came to my tgt 4840...
Now what..??? I expect some bounce....will update