Friday, June 1, 2012

Nifty target achieved

As per our expectation, below 4900 Nifty is in bear market and our target was till 4837
read hear : Target Nifty
In Day trading one should always be with the trend, never try to control the market. If one has fully closed square off their short then my suggestion is not to go for fresh short and do not be sportive to go anti trend.
If you are still holding shorts then put a stop loss at 4850.
I see near term bottom at 4750 means one should go long at this level where risk reward ratio favor bulls.

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