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mr.traderji on Mon Mar 08, 2010 9:17 pmDear friends,
We have suggested to go long in the market at 4850 levels for a target 5050 last month , Nifty now trading at 5130-5140 levels.
Now for the next 10 days view , Still the market trend is up so every dip funds will support the market & we are having Stiff resistance at 5200-5220 levels (monthly Resistance )
If anyone needs to take a trade against the market trend ,you can keep the stoploss worst case for shorts at 5220 max !! for a probable target 5000-4970 .
If & only if nifty fut closes above 5220 levels ,bulls will be favored for target 5560.
Good luck
We have suggested to go long in the market at 4850 levels for a target 5050 last month , Nifty now trading at 5130-5140 levels.
Now for the next 10 days view , Still the market trend is up so every dip funds will support the market & we are having Stiff resistance at 5200-5220 levels (monthly Resistance )
If anyone needs to take a trade against the market trend ,you can keep the stoploss worst case for shorts at 5220 max !! for a probable target 5000-4970 .
If & only if nifty fut closes above 5220 levels ,bulls will be favored for target 5560.
Good luck
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