Hi,
So finally we retraced back on 12 Oct levels from where we took off from previous range. As we are inching higher and higher we are witnessing a decent amount of profit booking and that is how we discover Price. As of today we are in between the two trading range so cant say decisively that we are back in previous range or not, but past price action completely warns out for carrying shorts for more than 100-150 points. In my view 5050 will be important level to watch and I hope there are fair chances of bounce back in Nifty. If we still linger around 5050 level tomorrow then we can think of 100 points downside from there coz on such gaps there's always some 100 points game to be played on. So lets hope for another interesting morning for some big action and swings.
till then....
Happy Trading!!!
A Quick Trading Self-Assessment
2 days ago
4 comments:
It's been a long you haven't post... Plz keep posting as your posts are really nice..
Regards,
Nifty Tips
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thnx nifty for appreciation. yups its been a long time since I'vent posted. Actually quite busy with stocks these days and developing new things. sure will start posting in a while.
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