Tuesday, July 14, 2009
Nifty in Sudha Rishabham
Today (14-7-09) Nifty opened gap up at 4056 with a gain of 82 points. At 12.40 Nifty was at 4045, the lowest of the day. Thereafter it gathered momentum, climbed up to 4100 with ease, then came a selling which pulled down Nifty to 4075. But the momentum of the fall evaporated shortly and Nifty climbed again, crossed 4100 levels smoothly and it was at 4129 at 15.30. On averaging Nifty closed at 4111 with a gain of 137 points. As expected in the last post, Nifty is now in Sudha Rishabham band width (above 4100)and may move to centre point (4232) within a day or two.
Subscribe to:
Post Comments (Atom)
2 comments:
respected nandi,
as the nifty today closed right at the shadjam level today at 4233 i was not able to close my longs in last hour of trade today will i get a chance of exiting them tommorow at same or above levels....also plz mention shall we start fresh shorting from tommorow.....or wait!! thank you nandi for ur precise guidelines...
Dear Ritesh,
Glad that Lord Parameswara has blessed you and you are in a position to exit with profit. You can exit above 4250 tomorrow. Don't wait too much.
Post a Comment