Monday, September 26, 2011

Nifty Weekly Trading

I was out for a family vacation.

I am back now.

Nifty from 4920 rise upto 5170 & back to 4820 in the whole week.

Now nifty close on Friday is 4867.

Trend is down & sell on rise is the mantra for the time.

But strong suport lies in the range of 4800-4820.

So can long near to 4800-4820 with sl of 4780.

Shorts can be reinitiated in the range of 5000-4980 with sl of 5050.

Bounce may appear as due to oversold conditions.

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