Monday, August 17, 2009

Market Outlook On broder basis


Dear All,

Nifty gone for a sell off today , so how to trade coming days market.

Nifty closes at crucial levels of 4380 levels a close below 4380 will ensure selling upto 4250 levels and if 4250 break with volumes on closing basis we can head toward 3980--3900 levels in days to come .

We will go short on Market if and only if closes below 4380 with stoploss placed at 4495 for said targets.

A close above 4495 for two days will ensure that buying is coming into market


Thanks & Regards
Abhay Mehrotra

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