Monday, May 18, 2009
Reigning The Nifty --19th May, 2009
The question is now what? Well I would still say stick to technicals. Do not take fresh positions till things calm down. There is no need to swear off FnO. Take hedged positions at newsy times though it may mean lower profits, the important point to note is we make lower losses in case the market goes against us..
The next target is 4800-4900 with minor resistances at 4558 and 4650. Other supports and resistances are marked on the charts.
Happy Trading !!