Tuesday, December 8, 2009

NIFTY INTRA-DAY UPDATE

The Graph shown above is the 'spot' one


As i expected the "Gap Up" open the doors to the Bulls...I belive one can book profit/partial rofits in your longs around 5120.Fresh shorts on every raise in nifty can be done with the strict SL at 5132
( Yesterday High).
if the Nifty breaks 5044 decisively with volumes the bear will take cantrol over the market and ocsillate more to the down side upto 4966...level. Is there is a Chance??

Dollar strenthning May boost the Tech sectors.

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