Wednesday, November 11, 2009

Nifty Update.

Exit Shorts..
(Slow climb is what bothers me., Spikes , I can handle..)
*******************************************************
This could be the stage set for year end rally, provided
Nifty closes above 4930 this week.
Rupees' Strength adds fuel to the rally..

5 comments:

Raagav said...

Hi Boss, Can i close my 4900put or hold till expiry.wht's ypur view

Ilango said...

Hi Raghavendra,

I suggested earlier to exit partly.

Waiting for weekly confirmations can spoil it further.

Next Pivot point is 5033. If you can, hold on till then. Use declines to exit in stages..

We can always re-enter on a new confirmation of a reversal.

Prosenjit said...

Market always moves opposite to all views, particularly indian market. Now even paanwala is bullish, but I will wait for US trade defecit to come out tomorrow.
5 days almost 450 point.... super duper bull or making fool, let see.

Saif said...

the signs are not looking good for bears sir..we have snp Fut above its previous highs...todays US market action shld be interesting

Prosenjit said...

Yea I agree its shaping up good for the bulls, but bears attack when no one expect them.... I am not at all shot, holding 4700CA bot @100..... but cautious abt the situation. Lets see how far Bulls can take it up(may be a new high)

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