finally the bounce that was awaited took place on last thursday and friday, and if indeed a short term bullish reversal is made near 2500 and if it is indeed a part of the wave C-4-(3), then it should form an earlier part of an uptrend from 2503 and a dip becomes a buying opportunity for a short term, to be exited at end of C-4-(3) where it is again to be shorted for C-5 to 2000 lvl.
short term tgt 2710/2750/2785/2882 sl 2630.
short to medium term tgt 3100/3250/3700 sl 2485.
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Monday, November 24, 2008
outlook on mkt...
Posted by
abhay r somkuwar
at
7:46 AM
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2 comments:
Hello ab sir,
another question what is classical reversal day.
Regards
meet/all, pls go through this http://www.vfmdirect.com/info/bcharts.html, today's action somewhat like closing price reversal, needs confirmation by next down candle.
regards.
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