For 13 Nov 2009

 

Yesterday happened the same....nifty didn't crossed 5016....and see my third tgt mentioned in pre opening letter missed by just 6 points( my sell call in NF given on http://www.freeshoutbox.net/athshree hit third tgt well)...as my tgt for spot was 4918....it hits 4924.75....
So what next..?? For Friday 4915 is crucial on lower side....and 4980 on higher side...
I suggest for Friday..
RANGE--4920....4965.....4965....4980.....4980....5005
BIAS-- NEGATIVE
STRATEGY-- SHORT NEAR 4970/4980 WITH SL 5005

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.....