Wednesday, December 3, 2008

Nifty is squeezed in a 2600-2750 range as of now...Trade till the break happens..

There is a lot of activity..volume based going on in the individual stocks..

Metal stocks have attracted high volume & they are up..

However, Nifty is stuck in a range that is getting narrower by the day..

Bull: A move past 2670 and a close above 2680, 1st step.,break past 2750-next step

Bear: A break below 2630, further breaking 2600.,2570.,2500...2450..??








4 comments:

Sunil Saranjame said...

Yeah,now that looks cool,eh?

Tks,

ss :)

Ilango said...

Hi..SS

I see your point..

You are one classy guy.And your input is well appreciated.

Best regards

Sharath said...

Thanks for the daily update for which i wait badly. Well was trapped yesterday and today on false breakout, although i did a handsome in shorts, it was still tough for me to understand, yesterday i increased my shorting postion's when nifty broke down 2590 and today i did same thing when nifty had broken 2635,But returned empty handed. Well, still learning the beauty of markets....

Nifty Trader said...

Yes, from last 2 days markets are moving in a very tight range and SL are getting triggered both ways , i think there will be a breakout big one either up or down may be today ?

in such markets if u even make a small profit that is great or even if you make no pro no loss that is good too but don't make loss protection of capital is the first rule in trading

for me is being no profit no loss from last 2 days... :)

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