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Friday, 15 February 2013

Nifty– 150 points fall from the point of alert

Readers, From the point I alerted, Nifty fell down my 150 points. Nifty still looks very negative. There is good support at 5880  and then at 5840.
See my earlier posts on Nifty here
Why did Nifty Fall today
Possibility of Correction – Nifty
Overall most of the key stocks have entered into the negative zone, SBI, Tata Steel, Reliance, L&T all are negative and falling. There could be minor bounce backs , but only for selling.
If 5880 is held, then there will be bounce back and short covering. Else, fall will continue. Please do intraday trading only in the direction of Nifty tomorrow.
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