Nifty Outlook for coming time.
Date :- 22 – Sept -2010
Nifty has been trading up from last 12 days now. On closing basis we have not seen any weakness in market. None of the day the closing is done below the last day Low. which is giving strength to market. Market are trading at 30 week high now. a rally from 5400 to 6000 , almost 600 rally has came after 18 months. This happened due to the breakout in the upper trend channel line with high volume. This indicated that market in coming time can be very rewarding on the up side. Don’t try to make fresh Short in market. Every fall from here can be a good opportunity to buy in Equity. Small correction from these levels are likely as we can see some profit booking at 6000 mark which is a psychological level in term of Trading. we can see lot of whipsaw’s between 6000 – 6300 levels in coming time. From where a clear rally is likely. If you can hold the right stocks you stand a chance get a very handsome return on your capital.
Stay cautious Stay invested.
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Dear sir i have my own research and i can change the way of stock i did it buy long way
i have 4000 .nifty sep, on 6170 level ,what i do this time? can you help ,can give me a good stop loss,
hello can i have nifty counts for long term i am short on nifty 500 nifty at 5670 everage