Yesterday Nifty tanked down Now the main pivot is at 5966. If Nifty is unable to trade above this level then traders should exit from all short term positions.Nifty is ranged and its boundaries are 5960-6150.
Market can not remain in this range forever . It has to come out of this range at present the biases are on downside.If 5960 is taken out then we may see 5800 also.
Aviation sector as a whole stood the onslaught which was witnessed yesterday. Jet Air, King Fisher Airlines and Spice Jet saw jump in price with surge in volume. Our swing trading ideas Arvind Mill also outperformed.
King Fisher Airline has got support at 79 and resistance at 86-90.
Trade less, trade well
Thursday, October 28, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment