nifty has moved exactly as per view given in last post(pls go through 18th feb 2010 post on mkt ahead). it respected and held the 4780-4930 area very well and bounced off more than 200 points. all our given upper tgt lvls are achieved today!!!
inverted H&S and other studies give an approx tgt 5200 on nifty. its also in near to short term uptrend as mentioned earlier.
therefore positional players long near 4830 can either keep a cl sl of 4780 for catching more uptrend, if left, else others also can book positional longs partially.(this statement is suitably corrected at 1.04 pm today on 3rd mar 2010)
if profit booking comes, then a price movement upto 4900(neckline of the supposed IHS) cannot be ruled out.
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Wednesday, March 3, 2010
mkt ahead...03rd mar 2010...
Posted by
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10:52 AM
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2 comments:
Quote : if profit booking comes, then a price movement upto 4900(neckline of the supposed IHS) cannot be ruled out.
Request you to add a nearby SL for small traders like me... as 4780 is too far......for me. Would like to see 4900 first as i am in short @5050 lvl.. (selfish :P)
Please take sugar and ghee in advance from my side for the above level first :)
Regards
sujatha lolz for ghee/sugar not good for health in large qty's, these blog posts are largely for positional players.
follow intraday twitter updates on nifty trading, i have not yet given short call on nf, we are still long on nf.
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