29 July, 2010

Nifty sluggish


Nifty is looking weak & I have opened short positions. Negative divergences have appeared and if Nifty goes below 5250 it will head to about 5000, giving us the 10% correction we have been waiting for. A move above 5460-5480 would be stoploss level.

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2 comments:

sharetipsinfo said...

As mentioned earlier, Nifty will trade in 4600-5500 range throughout this year and its doing same only.
Now a days we can see many news in the market about various mergers and stake buying by Indian companies which is a good boost to Indian economy.

Still we strongly suggest everyone that one should trade with strict stoploss as Indian stock market is quite volatile.

Investors and traders should also remember one simple point in this Nifty swing from 4600-5500 they will get many good investment opportunities however they have to pick the right stock from so many NSE and BSE listed stocks.

Regards
SHARETIPSINFO TEAM

August 11, 2010 3:00 AM
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December 1, 2010 4:52 PM

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