i had mentioned about some intermediate bounces in this downmove currently on.
if friday's low i.e 3199 is held then nifty can bounce upto a tgt of 3570 in coming days where it might face selling pressure again.
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Saturday, October 11, 2008
market in coming days...
Posted by
abhay r somkuwar
at
1:14 PM
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2 comments:
hi abhay,
nice. actually it is not @ 3570 but looking us market tuesday it might be possible.
will you please explain it with techical tools the tgt you have got?
this is of course for academic purpose.
i gone short today near 3500 today though bounce is expected to continue another day.
as a positional i am again going to buy put with 3700 strike price near about 150/180 tuesday and wednseday.
well stockmarket.com, i considered the bounce as retracement of C-3-(3) deemed to have ended near 3199, but looking at ydays dow and asian mkts move the bounce may exceed.
regards,
abhay r somkuwar.
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