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Tuesday, November 16, 2010

NIFTY SPOT ALERT !!

DEAR TRADERS AS EXPECTED NIFTY CRACKED HEAVILY TODAY...WE WERE REPEATEDLY GIVING A CAUTION CALL FOR TRADERS WHO WERE LONG IN NIFTY..SAYING THAT THE RETRACEMENT IS OVER ..THERE IS NO MORE STEAM LEFT & NIFTY HAS O CRACK... OUR ADVISORY HIT THE MARK !!
           NIFTY AHEAD ??
WE ARE STILL BEARISH ON NIFTY FOR A POSITIONAL TARGET OF 5950/5885; HOWEVER RESISTANCE IS @ 6163/6226..
              CMP - 5980.40
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