Re: [Technical-Investor] BUY NIFTY 4830-4850, HOLD FOR TGT 5500-5600

 

I am a Trend Follower and hence for me, I trade what the system tells me. Yesterday went short and shall keep the same till it says to reverse.

But the important point is as to whether this is just another panic or a precursor to something larger.

In May of 1997, a attack on the Thai currency started what we know as the ASEAN Crisis. It did not at that point of time inflect India since we were a closed Economy. 

Can the current Dubai problem start a similar trend which affects everyone world wide? I think only time will tell, but the ASEAN crisis is worth a read.

http://en.wikipedia.org/wiki/1997_Asian_Financial_Crisis

Cheers

Prashanth

On Fri, Nov 27, 2009 at 11:53 AM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:

 

Those who buy in this panic will be benefited.

BUY NIFTY @ 4830-4850, HOLD FOR TGT 5500-5600 //  Bank Nifty heading 10500+

Nifty (spot) cmp 4841 / 4842 // as i write this  // 4837-4824 is important support zone and bounce back expected

Dont panic. Use dips wisely & be an opportunist. Markets will be heavily volatile. Be ready to face it.

Rgds/Balaji

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