Archive for November 24th, 2008

INTRADAY CALLS – 24/11/08 – VIJAY



 

  NIFTY UP ON SHORT COVERING

 

NIFTY FUTURE OPENED LITTLE HIGHER AGAINST EXPECTATION  AND ONLY ONCE DIPPED BELOW THE PREVIOUS CLOSE AND RALLIED TO THE DAY`S HIGH OF 2731 AND CLOSED NEAR IT GAINING 160 POINTS.

 

NIFTY FUTURE SUPP LEVELS  2583, 2490 RESIST 2760, 2815, 2890.  WE ADVISED AGAINST SHORT ABOVE 2590 ON FRIDAY. NIFTY WENT UP ON SHORT COVERING  AND WE ADVISE CAUTION AT HIGHER LEVEL AS IT IS STILL NOT A REVERSAL.  AVOID SHORT IF NIFTY STAYS ABOVE 2770. NO LONG BELOW 2580. LIQUIDITY MAY CONE DOWN IN THE COMING DAYS AND WE EXPECT MORE VOLATILITY.

DO NOT TRADE WITHOUT STOPLOSS  AND HEDGING IS THE ONLY WAY TO SUSTAIN IN THE MARKETS. REPLIES TO  VIJAY.CALLS@YAHOO.CO.IN

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