The Nifty ended in the negative territory on Friday by weekly change of -4.93%, as bearish sentiments in global markets with concerns of sovereign debt crisis in the Europe were spiked with a sharp sell-off in the US. Nifty has 200 ema at 4880 from where it can bounce back as entering the oversold zone one can buy small quantitiy delivery in frontline stocks for fast gain in the bounce from the mentioned levels though the markets are down and bearish as bear market do not play one side down wave and bull markets do not play one side upside with stoploss as 4800 closing . (Do not keep overleverage positions )
covered nifty shorts made at 5260 today at 5088 and made intra long at 5088 for tgt 5125 ++
ReplyDeletetarget of 5125 acheived
ReplyDeletemade high of 5145
ReplyDeletecovered banknifty short as per plan 9523 spot
ReplyDeletebuy banknifty on decline tgt 9662
ReplyDelete