Dont have time for much of a detailed update today. I am short from Friday..not too huge..so plan to cover today on initial weakness..Might not go long immediately but there is a possibility of a bounce(C within an ABC structure) which might go above last week highs or get close...Play with stops if going long - 4870 might be a good point to watch as a stop. But not very sure. Waiting and watching.
Best,
Lee
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5 comments:
OMG dont give more long LEE
as 34 month EMA and 8 week EMA it may touch surprisingly:P if it goes there then knock out punch for our market is at last?? leave the long :D :)
sandip patel u can use this site for nse as well as intra nifty data.... its free... sandip patel http://www.equityonsms.com/blog/?page_id=68
im not the site owner. but i m using the downloading the data
Thanks Sandip...Thanks also to all others who commented in earlier post.
Hey Sujatha...hit and run..we had a few nice ones yesterday on the long side..to tell you the truth this is now a traders paradise..with all the quick moves..
longer term, yeah know my views :) But still feel we are not ready to dive?...not sure..
Europe looks like a real mess today..wonder what will happen tomorrow in nifty..I see 4900-4870 as a must hold for bull case..If that goes, then we might be staring into the ABYSS.
sir,
will you discuss on specific stocks like sbin,bob,icici, etc
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