Tuesday, May 28, 2013

Everything that goes up comes down.... Law of gravity

Hi All,

Book full profit in Nifty long initiated near 5970-75 at CMP 6060-70...

One can now short Nifty with a tight SL of 6115-6120...... with targets of 6015-5970-5940...

Nifty hourly charts gave a bearish divergence.... It has also retraced 61.8% of the fall from 6230 to 5930...

SL above todays high....

Cheers

Hrishi

Monday, May 27, 2013

Nifty yet another half century..... Bottom Fishing successful

Hi All,

As per the earlier post Nifty long call initiated on Friday 24th May near 5970-75 is in a profit of ~ 1%

Book partial profits near 6020-30 and trail SL at cost

Cheers

Hrishi