Nifty has been trading in a range for the past few weeks. One hurdle of 5120 is taken out . Now next hurdle is at 5180 . If this is also taken out then we may see more upside.Global cues are also supportive
Stocks of our New High list are doing well. Yes Bank has broken out of a range 260 is support and 285-300 resistance. Core Project has come out of slumber support is at 157 and resistance is at 214.
Our stocks trading ideas of Monday are doing well.
We used all the dips to buy rather shorting the market. Keep your analysis simple. Always trade in the direction of trend.
Wednesday, December 2, 2009
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