Previous Day:
The market witnessed choppy trade today and closed with moderate losses in the end.Throughout the day the market hovered in and out of the green territory but in the last half-an-hour of the trade, it slipped into the red. Sensex closed at 20407, down 68 points from its previous close, and Nifty closed at 6145, down 13 points. The market breadth was positive with advances at 727 against declines of 551 on the NSE.
Next Day trading Session:
At 21k Sensex its time to think ..............
Those people who were talking at 16k for 12k or 10k now same people talking 24k-25k sensex.Its time to follow the level. I feel index will face resitance 20700-21000 .Market is highly bullish but people still think to short caution doesn't means I am bearish on market but in bull market we needs some breath in pause for fresh rally.We advise you to follow a trend & trend is that sensex will face around 20700-21000, I f fall will happen from resistance zone it will be 8%-12% but the correction is so much pain full that left out feeling will occur. Remember if you are from the market will loss the oppurnity. My target for sensex in down side is 19500-18700 roughly where investor will get great chance to buy for next target 22500 -24000.
Keep book your profit & keep your cash under table on every rise. BE stock specific Trade in decipline with SL.
No chart for today as gap up opening is expected.
ADD yahoo id for live market calls.
Uday_Ranawat@yahoo.co.in
No comments:
Post a Comment