Saturday, March 5, 2016

Nifty Positional View

"MY WHOLE-HEART  BIRTHDAY  WISHES TO MYSELF "


Market closed above the breakout levels.  Now everybody is bullish and OI clearly reveals the same. 
Chances of moving towards 7522-7544 spot is on the cards.  Gaps are  prevailing from 
1.6987-7038
2.7222-7322
3.   7369-7430 spot.
 But the problem is that everybody in the market knows this. Normally market may not reverse exactly from the levels we expect. We are clearly in the unsecured zone.  Use this oppurtunity to exit from your short term investments.
Crucial levels for downmove is 7428-7411 spot. I am expecting a reversal Thusday  or on Friday.  FIIs will dump their shares to the innocent investors. Do not fall prey to FIIs.
My target for Nifty 7241-6982 spot.




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