Sunday, March 29, 2009

Where will Nifty go NOW?

Nifty and market in general has traveled upside since 2 weeks, what now?

Probably following questions have the answer !
  • Will it worth short selling Nifty tomorrow with stoploss @3150 on closing basis for target of 3087-3061-3040-3013?
  • Will Nifty level 3040 becomes support tomorrow or becomes resistance tomorrow onwards?
  • The way big giants i.e. RIL Infosys, HDFC have closed in negative, can the market still move up, without them?


This is only for educational purpose,
this is NOT a trading idea for intraday or delivery


Think Tank
  • Do Paper Trading before you start trading with your hard earned money.
  • Instead of Targeting profit, emphasize more on minimizing trade loss.
  • At times, taking 1% profit is better than carrying position and bothering whole night.
  • Book partial profits frequently irrespective of what market and people say.

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