referring to mkt ahead...4thnov 2010 post,"there was also a falling wedge type pattern on nifty eod charts which was broken out from on monday. if correct then it has min lower tgt 6243 and min upper tgt of 6340, somewhere near the lifetime high. its a buy on dips for short term but the sl is quite deep from here".
both the tgts have been completed and nifty has since seen profit booking from 6340 lvl till upto 6050 on friday.
the pattern sl is about 5930, which if breaks can lead to further slide, but where some support may also exist in the near to short term.
6 comments:
r u "krishnaparamatha" of nifty??? whenever nifty is in problem u r coming for people's rescue :)
this week also truncated week "wednesday is holiday" so in line with -90 DOW uncle, all asian will follow the "route" so we too? original colour will be on "thursday"???
thanks and regards
PS : what $ index says?? if time permits just a write up please.
bght gold "lightly" today :) husband's purse should not be weight, he can't bear that na?? :D
sujatha...sure and thanx , will update
hi abhay,
GA, pls. allow nifty upside another 35 points also you want?? (5930) :) :) once you say, nifty will move up
sujatha, still no sign of forming a near term bottom, that means staying short for this time frame(near to short term), hopefully we get the opportunity to go long in a couple of days. 35 points also i want? lol iam not that miserly u know:)
will update the near term upmove as/when it happens. on twitter(if i remember)
Oh.. thanks hold the nifty strongly here only.. i will come nd join by next week.
some domestic commitments, i can't trade so longggg week end for me.
regards
PS : any portfolio idea also pls. let me know.. asking too much???
sujatha, lots of interesting ideas, pleased to suggest some...later
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