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Wednesday, October 29

Nifty Today - 29-10-08

Yesterday during Muhurat trading session, there was lot of buying and the market closed positive. This gives us some hope and sentimentaly there will be more buying and we can see a rally in next trading days. To become technically strong we need to wait for some more days.

Today the market opened positive and moved 50 points above and below yesterday's close in first few hours of trade.

As a trader, the chances of getting safe trade is very less.

Go Long above 2750 with the first target of 2784. Be cautious at 2771.

Go Short below 2708 with the first target of 2684. (Risky Trade).

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