Nifty after triggering our previous stop loss at 5400 and breaking below it to make a low near 5200 levels has moved back to 5550 levels. The markets have moved up by around 350 points from its lows and one can look into buying at slightly lower levels near 5460-5480. Our previous target of 5900+ still looks intact and any fall in the nifty may be used for buying. Keep in mind guys this is just for the short term.
our long term short is yet intact.
our long term short is yet intact.
what is ur long term targets ?
ReplyDelete@ankit
ReplyDeletenifty is targeted to break its 2008 lows of 2500. However we have a target1 of 3800 in nifty which is the base of the "election gap". for more details refer to the 'big bang' post.
what is the big bang post
ReplyDelete@ankit
ReplyDeletethe big bang update was the first post on this blog wherein i have put down the long term targets for the markets and have reasoned it out with some basic understanding. Our long term tgt and short in the markets is intact. if u witness the recent fall and the way some of the stocks have been hammered out of proportion it resembles as if a bear market has already begun in some of the stocks. i have tried to keep the post as simple as possible for the layman to understand without getting too technical. reading it might make things more clearer.