Jul 22, 2011

Still Not out of the Woods

A Bad Day For Me just to see the SL Hit in Two Trades and Last one Remains.

Owing to the Global Factors Nifty opened positive retraced and after some whipsaws managed to climb again.But really it was a Tiring move above 5600 which does not give me confidence in longs.

For Monday Resistance lies at 5667 and above it Fresh buying may be observed which can take Nifty to 5703 - 5740 also -- On the contrary now for shorts we have to wait for NF to move below 5577.

Its a Trading range between 5502 - 5667 . Trade it .


I am Still short :) :)


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2 comments:

  1. AnonymousJuly 24, 2011 at 2:49 PM

    I am Still short :) :)........it looks like that you will again disappear for a long time as before when u advised to Stay Short............Haha

    ReplyDelete
  2. POWERTRADEJuly 24, 2011 at 3:00 PM

    This comment has been removed by the author.

    ReplyDelete

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