Nifty Chart For 08/03/2010
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MyCharts
Mar 7, 2010, 3:47:41 PM3/7/10
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Nifty:: At current
level, all world top class micro fundamental and technical analyst bearish, and
market move up and up without any restriction . Money power win in current
situation.. As per our long experience in shorter time frame money power win,
but in longer time frame micro fundamental and technical analyst always
win..
Now what to do
Avoid to forecast market, We are here to earn money in short term and build our wealth in long run as a investor.. If we stuck with our bias we never earn money..
Those who are investor and buy in bottom hold your position with appropriate stop loss like 200day EMA (4650) or at 4833 and conservative stop loss at 4935.. Avoid to give huge buycommitment at higher level, slowly-slowly book profit at higher level and safely keep your 50 to 70% money in your pocket, Wait for healthy correction to invest more..
Those who are short term investor or trader, go with trend.. Your current short-term stop loss at 5015 as closing basis..
On 8th March above 5119 watch important resistance 5140, above 5140 next strong resistance near 5180 .. Our strategy for 8th March if Nifty open gap up watch given strong resistance and sell at high (S.L 5180) buy in deep (S.L 5015).. Resistance for up move at 5119/5140/5152/ 5180 .. Supports at 5068/5038/5015/5000..
Now what to do
Avoid to forecast market, We are here to earn money in short term and build our wealth in long run as a investor.. If we stuck with our bias we never earn money..
Those who are investor and buy in bottom hold your position with appropriate stop loss like 200day EMA (4650) or at 4833 and conservative stop loss at 4935.. Avoid to give huge buycommitment at higher level, slowly-slowly book profit at higher level and safely keep your 50 to 70% money in your pocket, Wait for healthy correction to invest more..
Those who are short term investor or trader, go with trend.. Your current short-term stop loss at 5015 as closing basis..
On 8th March above 5119 watch important resistance 5140, above 5140 next strong resistance near 5180 .. Our strategy for 8th March if Nifty open gap up watch given strong resistance and sell at high (S.L 5180) buy in deep (S.L 5015).. Resistance for up move at 5119/5140/5152/ 5180 .. Supports at 5068/5038/5015/5000..
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