I have not gave any trading call in the last week, as I am mentioning repeatedly the trend is up so we should go with the trend means we should have to go long.
We are having three big events which can act as big triggers in the upcoming days:
1. Stress test in US
2. Swine flu impact on global economy
3. At home election results
The first one will come with some caution indication with positive bias; the second one swine flu impact on global markets is negligible at this point of time and the final one is as markets anticipating that either NDA or UPA lead government will form.
So, based on the above triggers we can keep long.
Buy nifty with the target T1: 3570 T2: 3660 T3: 3850 with a stop loss of 3510.
T2 is a very crucial resistance levels one should keep a close watch at that level.
With thanks
Be and make
1 comment:
Dear Be and Make,
Your T2 was achieved this week, however did not not give much opportunity to go long as it was a huge gap up on Monday.
Your analysis was amazing. Saw a great deal of resistance and 3660.
Did not take any positions this week. Will wait for the Market Outlook for the next week.
Thanks
Ganapathy
Post a Comment