Sep 12, 2011

Ride the Tide

A Great Day with Bears Ruling.

All targets done as of  now. The closing is still above 4930. So Bulls Might Attempt the odd 4977 - 5015 levels..Chances are very less. Today with a Close below 4980 the down trend is confirmed.

More to come target remain the same 4552 as of now.

SL for all shorts remain 5066 - 5197 on closing basis

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2 comments:

  1. veerSeptember 13, 2011 at 9:00 AM

    Dear PT,

    May I request you to tell me how did you arrive at 4980 figure to confirm downtrend please.

    Regards,

    Veer

    ReplyDelete
  2. POWERTRADESeptember 13, 2011 at 3:42 PM

    @VEER

    Sorry for the late reply --- 4980 had been a very high volume bar when we scaled 5170 after crossing 4980 and viceversa yesterday the 4980 witnessed a huge volume bar --- so ite my opinion that the long term buyers who bought at 4980 are now again in sell at 4980 ... Thus the 4980 level :)

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