US Shutdown..... India Re-bound!!!!

Hi All,

As posted on Tuesday, Nifty gained more than a percentage point and is now trading up by more than 100 points from the initiation of the Buy call near 5760-5765.....

Book Profits as due to uncertainity in the Global scenario, domestic markets are likely to be very volatile....

Aggressive traders can book part profits and trail SL below 5750....

Cheers

Hrishi

Hammering out the Down Trend!!!

Hi All,

As expected Nifty crashed by more than 1.5 % after breaking 5790....

However though the trend remains downwards, one can expect a small pull back in Nifty with supports near 5700-5690...., the upmove can be till 5830-5850.........

There is a Hammer on Hourly charts with supports near 5700-5690..... Resistances near 5780-5815-5830...

Cheers

Hrishi