Monday, February 7, 2011

Nifty weekly Trading

Profit in week 1:- 181 points
Loss in week  2:- -120 points

Last week a high volatile Week & both our Long & Short trade sl hits.

As I am not much convince of both of these trades because of market TA.

But still rules are rules & we have to follow it.

Now this week Nf Friday SAR is 5387.

Low made on Friday was 5356 which was lowest after Sep.,it was same low of Aug.

If it breaks than a big blood bath may came in market & my previous LEVEL os 5150 arrive soon.

So trdae for this week Long above 5387 Short Below it as per TA as amrket is highly oversold our sl again got hit.

Today Open is above 5387,so we wait till 10.30 If 5387 Holds Long will be created for 50 points.

If it breaks than no trade Today we will Look tomorrow.

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