Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty was quite volatile. As it tries to find the bottom, volatility would increase in the next few sessions.There could be one or two sessions of sharp recovery and equally sharp reactions. As the index approaches 5850 and 5700 levels, the risk reward ratio is skewed in favour of the bulls. The downside could be upto 5700 (+/- 2%) but the immediate upside potential is 6300 ( +/- 2%).
Ø For intra day (23/11) we had observed " Nifty ( futures) is sideways with -ve bias. Support 5920, 5860. Resistance 5970, 5990,6010. Sell below 5935 with 5974 as stop. Alternatively sell near 5965 with same stop. Trade with small targets till range is taken out" Nifty touched 5964 before reacting steeply to 5820 levels. We hope investors would have benefitted.
No comments:
Post a Comment