5005 ---------- >>>>>>> One way done
Hi pals, sorry couldn't update Nifty views due to some personal work. will try to continue from here on just with some important levels and intra views.
Much waited 5005 which we mentioned in the blog have been done last week.so that's the area of profit booking for this long run. so where is the much awaited correction? will it come or not? those are million dollar question among investors and traders . the answer is simple follow the trend or FII's atleast. The way FII's injecting their money doesn't seems we will end this bull run here. lets see what gonna happen. This expiry will give us the clue of correction.
INSTITUTIONAL ACTIVITY :: FII ( +1486cr) ::: DII (-505 cr)
Nifty view ::
4920 is the key level to watch today. Try to go long near that area . 4989 is giving solid resistance. Once crossing that level with volumes will trigger us new 52 week high. on a broader view breaking 4880 will give much awaited correction until 4550 this time. As far as longs are concern trade with strict SL positionally.
Bearish > 4977 < Bullish
Positional calls ::
3i Infotech
Bata India
Liberty shoes
Mother sumi
Relcap
Happy trading !!!!
No comments:
Post a Comment