MARKET BROKE 5000 LEVEL & ALOMST CLOSED AROUND PIVOTAL POINT 4980.MARKET IS GRADUALLY COMING INTO OVERSOLD ZONE.WATCH 4950/4915 LEVEL.IN THIS OVERSOLD TERRITORY,CHANCES R MORE FOR BOUNCING OF NIFTY FROM 4940/4950 LEVEL.
SEVEN TRADING DAYS REMAIN OF DEC. EXPIRY AS TWO HOLIDAYS IN BETWEEN.SO DONT CARRY TOO MUCH OF OVERNIGHT POSITION AS LONG BREAK BETWEEN TRADING DAYS.CONDITIONS CAN SHARPLY TAKE U-TURN SO U MAY TRAP IN ANY DIRECTION.
WEEK AHEAD,U CAN GO LONG IF NIFTY COMES TO 4920-40 LEVEL WITH MUST EXIT POINT AROUND 4880 OR BREAKING OF 4880 LEVEL GO SHORT FOR ATLEAST 26TH NOV. LOW I.E. 4808 OR LESS.
MARKET WILL ONLY BE GOOD IF IT CLOSE & MAINTAIN ITS MOVE ABV 5080.IF MARKET WONT CROSS 5080 MARK THEN DEFINATELY GO SHORT.CHANCES ARE MORE THAT MARKET MAY BE IN THE RANGE OF 4900-5050/5080.
HAPPY TRADING WEEK AHEAD.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment