Nifty is stuck in range

Nifty is trading in a range for the past five days. 5180 is stiff resistance .There are no domestic triggers and a lot will depend on global cues.This year we will see various phases of the market hope, despair, euphoria, denial, fear and panic.

This year instead of stock market its going to be ' market of stocks' therefore, its going to be stock specific year.

One has to look for Alpha investing this year as range bound market do not offer much in terms of beta returns.

Kernex Micro has shown an island reversal on charts and is finding support at 200 dma. It has support at 108 and resistances are at 128 -142.

Jim Roger has commented on his blog :


Watch The Whole World
"I’m trying to watch the whole world. We cannot be very successful investors if we don’t know what’s going on everywhere. All of a sudden something like Iceland will show up and you’ll get killed because you didn’t know that Iceland even existed."

http://jimrogers-investments.blogspot.com/2010/03/watch-whole-world.html

have fun and trade well