Monday 12 November 2012

Nifty Update 12/11/2012 2:40pm

As I have been telling you the Market is "Sell on All Rallies". Market has been still holding its support (gap) between 5650-5665 and hence the bias is still positive. The market is giving you opportunity only when you are a professional trader and work on strict discipline.

If you have bought Nifty, the rally may not be much. It may rally upto 5700-5720, exit there. It might not likely happen on intraday today. You can carry or book loss and exit.

But if market is able to trade below 5650, then our bias will shift negative. So be careful since we are trading in a narrow range.

Market is completely stock specific. Trade carefully with stop loss and reap benefits. :)

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