Nifty
Please dont panic i expect this gap to be covered 5300 tgt 5280 or 5240. Hold ur shorts use a sl at 5530
Pls read my earlier post on nifty which states that a mininum gap cover will happen you need some patience. Use your own stops if you feel uncomfortable. Im only posting my views which may not be right all the time
Feb 17th - http://wolfewaveindia.blogspot.com/2011/02/before-i-go.html
Pls read my earlier post on nifty which states that a mininum gap cover will happen you need some patience. Use your own stops if you feel uncomfortable. Im only posting my views which may not be right all the time
Feb 17th - http://wolfewaveindia.blogspot.com/2011/02/before-i-go.html
Before I go
We've broken out of the larger channel and any fall maybe limited to 5380 - Ive closed my positions since I will not be able to track.
Watch if we re-enter the red channel - If we do then 5000 will come around. Otherwise fall limits to 5380 then up to 5650 / 5700 then down then up to 5850 / 5900 (by which time the daily indicators will be overbought and the downtrend will resume again to 4500/4200.
Here's an older chart which i posted earlier under Nifty
Watch if we re-enter the red channel - If we do then 5000 will come around. Otherwise fall limits to 5380 then up to 5650 / 5700 then down then up to 5850 / 5900 (by which time the daily indicators will be overbought and the downtrend will resume again to 4500/4200.
Here's an older chart which i posted earlier under Nifty
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