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    Tuesday, October 6, 2009

    mkt ahead...

    lots of stocks are showing large upside potential in medium to intermediate term, but all depends on mkt whether it holds or breaks down. as for now no major lvl on downside has been breached and even the short term trend is still up. so as of now no sign of bearishness in the short term, looks like some profit booking is happening, for now 4900 is a good support lvl.

    for short term positional long traders tight sl 5000 and 4900 as safer one. intermediate cash/portfolio traders and longs can keep tsl below 4800(4800-4830 currently support zone). all lvls closing basis.


    nifty p/e chart:

    Posted by abhay r somkuwar at 7:39 AM 4 comments

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