Saturday, December 1, 2012

NIFTY :2nd DEC 2012

NIFTY : I am sorry that i am  unable to update regularly in the month of  Nov , The 4th wave correction had taken nearly a month , but i had already mentioned that remain invested and 18000 is yours strict STOP , and the 5th wave is doing the damage for BEARS , now coming to 5th wave the rise from 5548-5885 is still  3 sub wave ,so any dip is still a buy for the target in between 5940-6000, I had already booked my longs . be cautious ,so start booking yours longs.Try to short in between 5950-6000 and place your stop 50 point above 6000. The option data suggesting the range of 5500-6000 for the Dec series .

INR : The INR can correct up to  in between 53-54 , so till some up move in NIFTY is left out .

R.K.

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