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If today Nifty moves further 2% from here, will it be UP or DOWN?


  • Total voters
    11
  • Poll closed .

jamit_05

Well-Known Member
Amit,

CMP is 108......do we carry...?
Yes, it is a good idea....

Base for tomorrow is 113. If the fall in cost makes you nervous then you will get a chance to exit at 110... fairly easily.

Holding is, however, looking profitable. One dip to 5200 levels is very likely since there is decent resistance levels before 5400;
 
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jamit_05

Well-Known Member
Our long pair is in a stiff position... At 5400 there are multiple Daily resistances and at 5200 there is a strong Daily support... normally when there is free flow we can expect 150/200 point moves in short time and with ease... but with such serious speed breakers odds are against us.

Today is a Tuesday. It has a good reputation. This should give us a minor profit or surely a break-even.... will keep posting of my actions.
 

jamit_05

Well-Known Member
Bought 52/54 pair @ 105 (48+57)

Amit, is is a good buy? I wanna hold it EOD.
LIke I just posted... 5400 and 5200 both are well guarded... there will either be a major Break on either side... or a major sideways.... buying pairs work best during free flow/trends. Odds are against us... around mid-day today, I will be more sure of exiting the purchase at minor profit or break-even.
 

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