May 18, 2012

Nifty Update - 18th May 2012


Nifty - Above chart is for future and daily timescale

No change in any way. We are sitting idle on shores to see which way market turns to take position.

Yesterday we had a good run up but we have closed flat almost. we had 1322 shares advances against 1360 shres declines. It is hard to decide and take position at this point.
80
Keep watching which way market turns and then take position. Below 4780 close, we may be going towards 4500. Above 4980 we may be heading for 5100 levels.

At present sitting watching market seems to be a good position

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