Bears Stampede on the floor.
What a Velocity Move --- Law of Gravity dictates. 7880 NS taken still 7735 Protected. Though It all round bearishness I would prefer buying as the bounce would be ferocious.
As such for tomorrow one may buy near the lows with SL of 7735 NS for targets of 7880 - 7930 - 8040 . Shorts not preferable at this juncture.
NS is still a Buy only today was just a shake off for weaker hands.
Have a Great Day ! !
What a Velocity Move --- Law of Gravity dictates. 7880 NS taken still 7735 Protected. Though It all round bearishness I would prefer buying as the bounce would be ferocious.
As such for tomorrow one may buy near the lows with SL of 7735 NS for targets of 7880 - 7930 - 8040 . Shorts not preferable at this juncture.
NS is still a Buy only today was just a shake off for weaker hands.
Have a Great Day ! !
Sir,
ReplyDeleteI guess it would be too risky to take long positions at this time. probably after more fall of 200-300 points, we can look for a rally next week( lost to much in these two days)
Regards,
@Hardeep --- Risk Reward not in favour of Shorts and if it exists it is very less --- Would be buying near 7735 - or 7620 --- for targets of 8030-8180-8225-8480-8527 and above 8527 --- 8800++ may be sep end or mid october and even new high --- personally am expecting close near 8030 this friday and by next weekend 8567 --- The next leg of upmove will be very ferocious ---- Study the charts of #feb 2012
ReplyDeleteThank you Sir !!!
ReplyDeleteRegards,