OurMantra :Be Cautious @ Higher levels.
5566-LAXMAN Rekha.
(Between 5400-5600 ,Offload everything and exit from Market )
-Forget Fundamentals-Economy :When World will fall..India will also not survive….u can see this today itself and every time.(Don’t think we are smart )
Today ,What to expect ?
SGX NIFTY :Down by 80 points.
Now ,What to do ?
Yesterday written in panic will slide to kiss 5255-5244 level.
Already broken in Singapore.Now below 5244 take to 5209-5198 level.
Crucial Support @ 5169.Three Consecutive close below this level will take to 5032-4986 level.
I personally think ,Today around 5240-5230 level.Keep a stop of 5198.Buy NF and forget.Intraday sharp reversal not ruled and then huge short covering too in midsession not ruled out.
-Trade with levels and dont act blindly.
5566-LAXMAN Rekha.
(Between 5400-5600 ,Offload everything and exit from Market )
-Forget Fundamentals-Economy :When World will fall..India will also not survive….u can see this today itself and every time.(Don’t think we are smart )
Today ,What to expect ?
SGX NIFTY :Down by 80 points.
Now ,What to do ?
Yesterday written in panic will slide to kiss 5255-5244 level.
Already broken in Singapore.Now below 5244 take to 5209-5198 level.
Crucial Support @ 5169.Three Consecutive close below this level will take to 5032-4986 level.
I personally think ,Today around 5240-5230 level.Keep a stop of 5198.Buy NF and forget.Intraday sharp reversal not ruled and then huge short covering too in midsession not ruled out.
-Trade with levels and dont act blindly.
