14:40 IST: Oops...NIFTY hit our stoploss at 5450 and gone up. No problem, we could still make 22 points profit. NIFTY is now attempting to turn +ve for the day. So a re-test to levels 5425 could be another buying opportunity with Stop Loss placed at 5400
14:27 IST: Oops...While writing the following post price moved past 5460, so let us increase our stoploss to 5450 and wait. Even our stoploss is hit we will still have 20 points profit.
14:25 IST: Since NIFTY is trying to recover from its lows let us move the target to 5475 and put a stoploss at 5445 so that we will not lose the profit already made. Current Price = 5447
14:10 IST: NIFTY is bouncing off its support on very short term support of 5428, hence attempt a long here for a target of 5448.
04:00 IST: After near 2% fall overnight in global markets, suddenly all eyes are on support levels. As far as NIFTY is concerned supports are placed at 5400-5350 and 5200 for tomorrow.
As far as medium term is concerned, the nifty has a lot go down, as long as it stay below 5750. Chances are towards 5000 and 4750. At this point of time though it looks very unlikely, nothing can be ignored in volatile markets. However, a test to these levels will be one of the best opportunity for Medium to Long Term INVESTORS, even for current year Tax Planning (To buy Equity Linked Savings Schemes of Mutual Funds)
14:27 IST: Oops...While writing the following post price moved past 5460, so let us increase our stoploss to 5450 and wait. Even our stoploss is hit we will still have 20 points profit.
14:25 IST: Since NIFTY is trying to recover from its lows let us move the target to 5475 and put a stoploss at 5445 so that we will not lose the profit already made. Current Price = 5447
14:10 IST: NIFTY is bouncing off its support on very short term support of 5428, hence attempt a long here for a target of 5448.
As far as medium term is concerned, the nifty has a lot go down, as long as it stay below 5750. Chances are towards 5000 and 4750. At this point of time though it looks very unlikely, nothing can be ignored in volatile markets. However, a test to these levels will be one of the best opportunity for Medium to Long Term INVESTORS, even for current year Tax Planning (To buy Equity Linked Savings Schemes of Mutual Funds)
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