NIFTY SPOT AFTER THE OPENING WAS TAKEN UP BY OPERATORS TILL 5130 JUST FOR A FEW SECONDS, BUT CONTINUOUS SELLING PRESSURE SAW NIFTY COME DOWN TO ONE OF THE INTERMEDIATE SUPPORT TO 5050 CLEARLY INDICATING THAT THIS WAS THE CORRECTION TO RETRACE THE UP MOVE FROM 4808 TILL THURSDAYS HIGHS OF 5181.AS IT WAS SAID,NIFTY MAY BE IN THE RANGE FOR 1ST HALF & CAN SHOW SOME WILD TURN,DID EXACTLY LIKE THAT.IT IS HIGHLY POSSIBLE THAT THE CORRECTION WAS OVER AROUND MONDAYS LOWS OF 5051 OR AT THE WORST CASE MAY COME DOWN TO LEVEL OF 5038.FOR INTRADAY TRADING ON TUESDAY, THERE IS EVERY POSSIBILITY OF NIFTY SPOT RETESTING 5100 LEVELS EITHER INITIALLY OR AFTER COMPLETION TO LEVEL AROUND 5038.INTRADAY TRADERS IF THEY FIND THAT SPOT NIFTY IS UNABLE TO CROSS 5100 LEVELS, THEN THEY CAN BOLDLY SHORT NIFTY AS IT APPROACHES TOWARDS 5100 & FAILS TO CROSS IT, BUT WITH A MUST QUIT POINT ABOVE 5115 LEVELS.
HAPPY TRADING
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment