Flashback---Nifty gets 'ECLIPSED' by Bears
Although nifty went to first target of long, readers could not have taken advantage of it as nifty did not retrace to buy level once 4530 was crossed.
However nifty did retrace to short level of 4425 and then crashed to 4387 just 7 points shy of short target.
Bear Level
Short nifty future around 4485 with stoploss at 4520 for targets 4440, 4380, 4340, 4290.
Bull Level
Buy nifty future above 4520 wih stoploss at 4485 for targets 4560, 4590, 4640.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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