Today Also the same sequence as happened before TCS Result.
Today it was mentioned that above 5785 it would be quick dash to 5840-5870 . It happened too after some minor hiccups.Well Today's move was much labored one. So i would not term it as bullish one. Much depends on the TCS results tomorrow.
For tomorrow resistance lies at 5895 above which again we would see 5950. On the contrary support lies at 5840 below which we may see 5770 - 5730.
Still Stay Short and Buy the supports and short the resistance to recoup the losses.
Today it was mentioned that above 5785 it would be quick dash to 5840-5870 . It happened too after some minor hiccups.Well Today's move was much labored one. So i would not term it as bullish one. Much depends on the TCS results tomorrow.
For tomorrow resistance lies at 5895 above which again we would see 5950. On the contrary support lies at 5840 below which we may see 5770 - 5730.
Still Stay Short and Buy the supports and short the resistance to recoup the losses.
Nimesh,
ReplyDeleteThis time it seems to be different as it has bounced from support levels. I dont how u can so sure now that nifty is going down. I agree over the next 2-3 weeks it may drift down especially in the 2nd or 3rd week of May due to rbi credit policy, crude,etc. However I am not bullish yet just waiting resistance of Nifty 5945 to be crossed with volume. My bet play intraday either way and for position above resistance as mentioned. Let us wait and watch tomorrow.
Dear Nimesh,
ReplyDeleteThe Perennial BEAR.
Sanjay
Dear friend,
ReplyDeleteconcentrate on 5900 Put... may be again 5900 to 5700 looks like nifty rotating 5900-5700-5900-5700
but am not able to view 5600.....
as we discussed..
sorry
Regards
IT
@viren
ReplyDeleteTrue I will rollover all shorts for May
@Sanjay Bhai
ReplyDelete:) You know very well Just waiting for the last 4 days of expiry to make a killing.
@IT
ReplyDeleteHope so I will roll over the shorts for may