[sharetrading] Re: NIFTY

 

Insead of carryover of short, one must be out of position till confirmation occurs........ or with covered position of Long Nifty and write higher call.
Abe

--- In sharetrading@yahoogroups.com, "A P Abraham" <abrahamap@...> wrote:
>
> 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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