[sharetrading] NIFTY

 

Nifty has given the first tendrils of a bottom pattern. But will be confirmed in coming days. Hence one may trade intra day long above 4865, which should be carried over when confirmation happens on day charts……. Carry forward positions however will remain that of short at EOD for at least 4-5 days…………….. Market could move up by 100-130 points at this juncture………..

Only those who can sell without emotions may enter strong scrip’s based on charts, for quick exit if reversal does not get confirmed…………….. Worst SL 4842.

Below 4856 be biased downward……………………

 

Abe

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