Monday, January 30, 2012

Nifty Hourly analysis

We can expect a short term pull back which is based on purely technical basis of oversold indicator. Nifty is still in bearish mode. Do not keep losing position for long. Maintain strict stoploss if going long at 5050 level.
Target 5130 > 5148 (max)
use 5160 as strict stoploss for any short position. This expectation is only applicable for intraday.

No comments:

Post a Comment