From last Friday, Nifty is trading in the range between 3058 and 3300. So the technical points of support and resisitance are already given in the previous blogs and the same points are still active.
If one regularly read our blog and make note of the points which we are giving, can easily decide the trading strategy for that day. The Points will change at some point of time and new support and resistance level will come into force. We will surely update those points as it happens. We strongly recommend you to go through this blog daily and make use of it.
The best trade which one could have done is going short below 3140 to target of 3070. Just see what we had mentioned on 16-10-08
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)
Now the market is trading in a tight range of 3070 -3110. One can go Long above 3110 with target of 3140.
If Nifty breaches 3070 and goes below 3058 today more down movement will be there in next trading days.
We are planning to give intraday stock recommendation calls in near future.
Wednesday, October 22
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2 comments:
Hai Srisin,
I started reading the blog last 2 days.ur calls are rocking.plse continue...
plse give nifty analysis early.
ur is very late
thanks.
Hai ananymous,
Thanks for your comments. definitely we will post earlier. But we are waiting for good trading opportunity that ends with profit. That's why we are not sticking with particular timing.
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