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SHASHANG's ENTRY & EXIT-NIFTY(Oct 13th-oct 20th) |
shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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Post: #1  Posted: Mon Oct 13, 2008 5:38 pm Post subject: SHASHANG's ENTRY & EXIT-NIFTY(Oct 13th-oct 20th) |
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Like i had been telling about the bear trend of mkt testing 3500 around has eventually come. Kindly check my posts for last 2-3 months.
Anyway Nifty has bounced back from the lows around 3200. The correction may be sideways to up this week, The possible correction target upside could be around 3715-25, which is a level to watch, i think you may see one more round of sell offs from these levels to around next support 3131-23 levels before 28th of this month October.
Start picking up stocks from 3150 & below on the next dip in small scales. It must be a good entry also for most new investors.
The next support level will be around 3064-3056 levels.
i mention this is my personal view, kindly check with me before you do any entries based on my view. The mkt trend can move on terrorist attacks, other sentiments, political crisis, oil, global mkt sentiment. Kindly keep caution. i could be wrong. Do very small scale trading, Play mini if you dont want to risk, or stay out.
Good luck,
Gautham Shashangan |
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