Nifty achieved the target in 7 Trading days. Awaiting the RBI Credit policy tomorrow to get further direction.
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Monday 23 January 2012
Wednesday 11 January 2012
Nifty Range bound for the day
Nifty was in a narrow range and the long call continues. The targets remain the same as 4900-4940-5000.
Now the stop loss for this move is 4775, bear in mind the move started from 4713. The nifty may come down till 4805 but the uptrend remains intact. Bank nifty still out performs nifty making a new high today hence continuing the long call.
New shorting candidate is Infy.
Now the stop loss for this move is 4775, bear in mind the move started from 4713. The nifty may come down till 4805 but the uptrend remains intact. Bank nifty still out performs nifty making a new high today hence continuing the long call.
New shorting candidate is Infy.
Tuesday 10 January 2012
Nifty breached 4800
Finally Nifty breached 4800 today at the start of the day after a long wait of almost 3 weeks. Finally some good news for intraday and positional traders. The target for nifty is now 4940 and then 5000. The Bank nifty has been out performing nifty for the last week now and should pull nifty up for this week as well. Hope this is right I am invested long.
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