nifty pulled back above 5550 and moved to 5600 but a swift slide in second half on friday brought it toward 5450 lvl.
at the moment seems like quick profit booking. if 5375 is held on closing basis then it can remain range bound for some days and then again may try to move toward 5600 odd lvls.
5800 and above it faces resistance again on its upmove in medium term.
the follow up on my earlier views on nifty is as given in chart below:
at the moment seems like quick profit booking. if 5375 is held on closing basis then it can remain range bound for some days and then again may try to move toward 5600 odd lvls.
5800 and above it faces resistance again on its upmove in medium term.
the follow up on my earlier views on nifty is as given in chart below:
4 comments:
mm..mm.. watching Abhay :) how nicely dancing to your tunes. without mistake i am not trading :( trying to be "disciplined trader" donno when i will??!!!
:)
sujatha, for trading its doing gr8 i guess all these moves specially for eod/positional trading and congrats to u for making gainful trades. i guess for intraday one should be careful sometimes it gives sudden large opposite direction moves.
regards.
oops sorry, ur not trading? i thought otherwise:)
yeah abhay - good trading days :) but sometimes "taking contra trades" and will struck :P from this week onwards "i am sooooo strict" no contra trades.. enjoying.. believe me "am good @ intra" it's so convenient for a "house wife (trader)" i can trade @ any time collect something and can close the system (am late to mkt today but caught the cam 5487 intra level holding now will book out depends on the mkt movement or wherever i am comfortable. bad @ positional and swing :(
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