Time To Stick My Neck Out "Nifty 5000"

[uasish]

After long wait Infy has started moving ,along with CNX IT

 

[uasish]

Nifty Fut High is less than yesterday's High & there is a fresh attemp now to break High .

 

[aroymkp]

high broken

 

[ace3_12]

yup,
Infosys did a great job in moving indices up.

 

[uasish]

http://www.traderji.com/97603-post217.html
Nifty Fut (+) 0.45 % ;
CNX IT (+) 2.41 % ; (Holding)
Infy Fut (+) 2.34 % ;
TCS Fut (+) 3. % ; ( Could profit from this )
Satyam Fut (+) 3.77 % ; ( - do - )
Wipro Fut (+) 1.90 % ;

 

[uasish]

As to-day Sensex breached 15000 ,now i felt to look at the 1st post of this thread.

http://www.traderji.com/80973-post1.html

 

[uasish]

A chart speaks 1000 words.

 

[uasish]

http://www.traderji.com/97603-post217.html
If there is a correction the downside is 200 points in Nifty,hence safe bets.
In IT sector ( Satyam has given me most No of Loss in my earlier trading life ,it is a jinx hence i avoid this counter) my chart says the safe bet will be Infy .In TCS & Wipro EW says upside is limited.
Aztec software is also a safe bet.
Bajaj Auto is also a safe bet .
I still believe Nifty may show us the level mentioned in the name of this thread,but for me safety of trading capital (i was wiped out twice ) is 1st priority at Heights.

 

[Czar]

Great call Sir but no cigar for 5k at the moment it seems, should be capped at 4.5k imo

 

[uasish]

Until 4381.60 & 4379.30 of Nifty Fut as can be seen in the above chart holds
Mkt will climb 'The Walls of Worries'