Nifty 5720-50 is an ultimate resistance, the trend is down....So, does that mean it will halt there and come lower again.....If this is the general impression, then markets are bound to act against every1, not necessarily. We are thinking that Nifty will hover in the range of 5600-5750 in next few days and we may be wrong too...We are expecting that Nifty will not be severely beaten down next week....Lets see...Assume that we may be wrong also and take your positions accordingly Our strategy would be to sell Nifty in the range of 5700-5750 stop 5800 and we will be buyers also if dips to 5600/5500....and will trade for 100-150 points range....atleast we are thinking this probably could be valid for next 3 trading sessions...lets see
Posted on: Sun, 08 Sep 2013 10:52:27 +0000
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