Thursday 15 November 2012

Market Update 16/11/2012 1:00 pm

Since Ashok Leyland was not able to move above 28, you can leave that call.
So this call is NULL and VOID. If some one has taken this from Intraday point of view, please exit with loss. If you can hold for a week, our targets will still come.

PS: Read the trading principle article at the beginning of the Blog to take best advantage of our calls.

The market has shown good support at bottom and trying to move up.

Now you can go long on Nifty and Bank Nifty.

PS: This is just a short covering rally. If market moves above 5670-5680, it can move upto 5700-5720.

But you should use this only to cover all longs. Do not BUY at these levels. The correction is still not over and market might show more weakness in the days to come.

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