Tuesday, February 7, 2012

Nifty level for Feb 8

After closing with huge gain in preceding five Tuesday, bulls want rest. This Tuesday bears are clear winner as it did not let bulls passing 5390 with confidence.
Higher volume has been noticed at higher levels with lowering Nifty. This is profit booking. But you never know when it suddenly turn bearish. After all every bull and bear run start in hourly trend change which leads to daily, weekly, monthly and so on.
Bulls may try to tighten their grip again at 5200 level.

1 comment:

  1. hi sir ur study is good.i am holding 5000put@70 as nifty resisted@5400 is downtrend started or need confirmation and at wht level i should cover my put?