Mar 29, 2011

EOD Update March 29 2011

In simple words this was the state of My Mind looking to today's Rally ..


Above 5720 We had almost 60 points in NF but the move was so much tiring that I personally was on the wrong side today.It looks like a total trap as of Now.

For tomorrow 5760 is the resistance and above it we can see 5820. On the contrary below 5680 we would visit 5640 - 5595 - 5550.

Still 2 days top go Can we Expect a 300 Point Fall ????


3 comments:

  1. Even I am short in April @ 5704; almost 50 points in loss . I think it is asking for too much to expect a 300 point fall by expiry. Shouldn't we have gone long following JNSAR ?

    regards

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  2. They will hold the market up till month end for NAV purpose

    ReplyDelete
  3. @RishM,

    True we should have been long with JNSAR .... But as said na We always learn the hard way .. don't wory for your shorts you will get 5550 to cover your shorts

    ReplyDelete