Only a close above 9407 would confirm a weekly reversal. If not, the daily reversal may carry it up for few days with intermittent corrections.
Retracement strategy, a must for traders.
1 month ago
Friday, May 28, 2010
Bank Nifty confirms a reversal with momentum...
Only a close above 9407 would confirm a weekly reversal. If not, the daily reversal may carry it up for few days with intermittent corrections.Thursday, May 27, 2010
Tata steel may have bottomed out as with broader market.
To Dear Manu,
Tata Steel will attempt "540" soon.
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Tata Steel will attempt "540" soon.
Wednesday, May 26, 2010
Bank Nifty poised for a short term reversal, if....
As all the scrips are in downtrend, profit booking may set a mild rally. However, settlement pressure will be on the bulls at higher levels, unloading of "stuck positions".
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Tuesday, May 25, 2010
Monday, May 24, 2010
Bank Nifty may rally in the short term with +ve div.
Though the overall trend of Bank Nifty is still Down, the short term trading favours a mild rally from OS area with +ve divergence.
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