Showing posts with label nifty- intraday. Show all posts
Showing posts with label nifty- intraday. Show all posts

Tuesday, December 8, 2009

Market Jumps Up

Nifty gone up The reason for this shot up in a very short while could be >The US futures shot up after a gap down in Dollar index.As i stated earlier the bull take charge now...

All stoploss would have triggered by now.it is the right time for "SL&R"

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.