Monday, November 16, 2009

Nifty Update.

First weakness is visible. Now to a close below 5050 at 3.30PM.
No Daily weakness yet...

5 comments:

bizagra said...

Ilango sir , conservatives can wait for tomm for shorting?

Rishi said...

Ilango right time to enter positional shorts??

Ilango said...

Yes..Bizagra.

Hi..Rishi,

What we have witnessed is only an hourly weakness & not even an Hourly sell.

It only suggests to book some parts of Longs.

However, we are closer to the top.

It could get higher before falling or it could gap down too.

I would prefer a wait ..

Rishi said...

yes...exactly...out of longs and waiting for a clearer signal...maybe tomorrow we get a better chance...

bizagra said...

Ilango sir, sorry for disturbing you today twice for conservative trades. Actually i m seeing yr blog from one month, and actually traded first time ie short trade for conservative which failed and lost 220 points .That is why want to trade safe this time.
Sorry for Inconvenience.
Thanks
Anuj

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