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.
No comments:
Post a Comment