Welcome Monday with a Gap Down......
Well i expect a Gap down opening on Monday followed By a Sell off ... To me it it looks like a Abandoned Baby as such.
For Monday the Resistance lies at 5950 above which we may get 6000-6044. I would suggest shorting at 5950 with a small SL for targets of 5880 - 5816. On the contrary a drift below 5880 ould take NF to 5816.
Still Stay short and Rollover all your hsorts and puts to May as we are in a bear maket that every on is going to remember for their life time.
Well i expect a Gap down opening on Monday followed By a Sell off ... To me it it looks like a Abandoned Baby as such.
For Monday the Resistance lies at 5950 above which we may get 6000-6044. I would suggest shorting at 5950 with a small SL for targets of 5880 - 5816. On the contrary a drift below 5880 ould take NF to 5816.
Still Stay short and Rollover all your hsorts and puts to May as we are in a bear maket that every on is going to remember for their life time.
Gap Down?
ReplyDeletethen 5700 is still valid?
@IT
ReplyDeleteNot 5700 4600 is still valid by may 2011 end
Dear Nimesh,
ReplyDeleteNeed some solid research behind your 4800 Theory.
:)
Thanks & Regards
Sanjay
Nimesh,
ReplyDeleteI did not understand as what you meant that everyone is going to remember this bear market if this indeed one???
Do you mean a situation like 2008 bear market or just a deep correction.
As per some time cycle study experts we are going to be in bear market or timewise correction but that is in late 2015 or 2016.
Kindly explain ur views :-)
@Sanjay Bhai -- IT -- Viren
ReplyDeleteThe entire rise form 2009 lows till 2010 highs is a rising wedge and thus i am berish in this market and from 2012 we would definitely move into a heavy ber territory.