As we have previously discussed that Nifty is in correction phase and the correction is not over. Volatile session will be witnessed and its very difficult to trade Index future during this phase. Pivot supports are at 5963 and 5930. Nifty is weak as it is trading below 20 EMA.
Canara Bank, Central bank, Dwarkesh Sugar, Castrol looks good on chart . One should trade with small quantity and most of your money should be in cash so as to take advantage of better prices and to avoid getting whipsawed in these turbulent times.
Thursday, October 21, 2010
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