Saturday, November 3, 2012

NIFTY UPDATE: 05 NOV 2012

NIFTY : Last week on 30th OCT  I already mentioned to start buying in small quantity some good high beta stock and NIFTY, May be we won't go below to much right now, don't go long heavily ,now every one is asking how far we will go,Use every dip to buy for the defensive target of high above 5815 NS,and i will try to exit near upper trend line which is 5865-85 NF.May be there is high probability that we can reach the target this week.So again I m warning at higher level ,don't expect too much from NIFTY. I m expecting a bounce in the US market and USD/INR .so trade safely .not much more to write .

R.K.

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