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Thursday, October 16

Nifty Today - 16-10-08

Yesterday our second target also achieved,

'If Market breaks 3354 and trades below that for five minutes, then go short for second target of 3328.'

Just refer the intraday chart.


What's going to happen today?

Market had witnessed a huge gap down opening of around 180 points because of weak global cues, liquidity issues around the globe and the most important thing is over fear about the market. Then there was a pull back of 60 points.

Market is in range bound between 3150 - 3212.

In traders perspective, One can go short below 3142 for the first target of 3111 and second target of 3070. (Adviceable to book partial profit at first target)

One can expect going Long only above 3220 to the target of 3278.

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