Tuesday, August 16, 2011

Nifty Weekly Update

Last week was a damn Good for trading.

Our levels work us better to trade.

Yesterday short below 5100 achieve almost our first target of 5050 made a low of 5053.

Now for nxt week.

In my view  as per charts a short term bottom has been made or to be made in near future.

One more new low near to 4950 or below 4900 can be a Golden opportunity to create a long trade for atleast  400-500 points.




The Rsi & MACD on daily charts are near to there bottom. A dip can be a bought for Bounce.

Can buy Sep.5200 Ce near to 4900 & add more on dips.


last time my option trade of buying 5400 Pe gives immense profit if I not kept sl, the Day it hit nxt day it bounce sharply & now made a high of 450++.

I hope the same for 5200 Sep.Ce also but this time no sl & strictly in the range of 4900-5000.

All things are written on charts

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