Hi friends .... nifty cmp- 5211.25
positive - 1 . break major support and 2011 low 5177 and made new low .. but close above 5200 .
2. bears was in fear to hold 5200 on closing basis .
3. Indian market shows some guts against global and perform better .
negative - Liquidity big problem
2. they not pumping money ( firangi or fiis )
3.made new 2011 low .
so in nutt shell my view is please no investment buy below 200 ma ... no trading shorts above todays low ..or short near 200 ma .....................buy arround 5150 with stop of 5100 target 5300-5440 ( short term view )
Please trade after complete research .. MY accuracy only 40-45 % in money market .
positive - 1 . break major support and 2011 low 5177 and made new low .. but close above 5200 .
2. bears was in fear to hold 5200 on closing basis .
3. Indian market shows some guts against global and perform better .
negative - Liquidity big problem
2. they not pumping money ( firangi or fiis )
3.made new 2011 low .
so in nutt shell my view is please no investment buy below 200 ma ... no trading shorts above todays low ..or short near 200 ma .....................buy arround 5150 with stop of 5100 target 5300-5440 ( short term view )
Please trade after complete research .. MY accuracy only 40-45 % in money market .
