25-05-2011 14:18 IST The long position entered on 23rd at 5380 may be closed now at 5470 with 90 points profit, to avoid any week end troubles.
Buy NIFTY Futures now at 5380 with 5340 Stop Loss
Buy NIFTY Futures now at 5380 with 5340 Stop Loss
Monday 23 May 2011
Sunday 22 May 2011
NIFTY - What to Expect?
Ooops....NIFTY is testing its 5385 base again, be cautious!
As discussed in the following post on 6th April 2011, NIFTY was down around 500 points. Now NIFTY looks like formed a base at at 5385 and trying to reverse. A long position can be entered now with Stop Loss at 5350. A close above 5510 on Monday 23rd May 2011 is a strong encouraging signal for this long position, do watch this level for further action.
As discussed in the following post on 6th April 2011, NIFTY was down around 500 points. Now NIFTY looks like formed a base at at 5385 and trying to reverse. A long position can be entered now with Stop Loss at 5350. A close above 5510 on Monday 23rd May 2011 is a strong encouraging signal for this long position, do watch this level for further action.
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