Apr 13, 2011

EOD Update April 13 2011

Surprising Rally .........

Didn't expected much above 5840 -5870 NF . It turned out to be wonderful day for the Bulls with closing at the high of the day.The entire fall of the last week retraced in just one day. Today's Rally may be much owing to the Expectation of Infy Results. I expect flat opening on Friday followed by a down move.--- "Buy the Rumor and Sell the News --- I expect the Friday Sellers to attack in full force--".


For Friday the Resistance lies at 5960 NF again Above which dash to 6035. On the contrary Below 5880 again a revisit to 5812 - 5788 may be there.

Still Remain short as from 18th onwards you would love the Ruthlessness of Bears.
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4 comments:

  1. POWERTRADEApril 14, 2011 at 1:45 PM

    Dear Avinash,

    Check your mail. I have send you a chart of money flow index. Look at it At the high of 5944 The peak at money flow index was made and then is is drifting downwards. Means that smart money s slowly moving out of the market.

    Also this is a truncated week with bank holidays too. So the major deliveries will b sold on 18 or after that.That's the reason that i am looking for a fall on or after 18th

    ReplyDelete
  2. VirenApril 14, 2011 at 9:35 PM

    Hi Nimesh,
    Dollar index has made a new low today below 75. So watch out for equities sell of in the near future.
    I am with you with regards to short term sell on Nifty.

    ReplyDelete
  3. Indian TraderApril 14, 2011 at 11:39 PM

    hey using FRIDAY SELLER'S without giving credits....

    ReplyDelete
  4. POWERTRADEApril 15, 2011 at 10:33 AM

    @Indian Trader,

    Its always you dear ..... For the Friday Sellers and they are active at present

    ReplyDelete

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