Monday, January 31, 2011

Nifty Update

An Absolute Belter of a Call :

Nifty followed our levels and moved exactly (and almost scarily) as pointed out.
Nifty made intra lows near 5420 today and taking support there reversed to close above 5500. A panic bottom may have been made for the short term (see previous update) This is the first sign of a reversal. Now, Holding 5500 in the coming few days and taking out 5550 would confirm the reversal. Our buy is still intact.

Enjoy!!!

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