[sharetrading] Nifty reckoning

 

Depending on how nifty moves above or below 5172 or 5238 with pivot 5180 near. Basically bulls have regained some form of control. But volume traded does not inspire confidence. How ever market is moving up and so does all plays…

As long as 5080 is not tested, be long LONG.. LONG…

 

Till US crosses 10400, I will keep on harping about caution….. So BEWARE and trade cautiously with tight SL’s in LONG direction

Above 5250, target of 5500 seems almost certain. Though a minor resistance seen at 5410.

 

Abe

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