Friday, May 16, 2008
Thursday, May 15, 2008
>May 15th Trading day
Nifty gapped up and held that gain through out the day unlike last few trading days where nifty fell considerably in last hour or so,
But today last hour nifty broke out from the intraday range to close above 5100 if nifty continues to hold 5100 we would target higher resistances in coming week range for may most probably would be (4900-5300) we almost touched 4900 the other day .Today orchid did exactly what I was expecting from it after it touches 280+ can check the previous post on this here....
Lets try to analyze how Bombay dyeing may move in coming days chart is attached...
But today last hour nifty broke out from the intraday range to close above 5100 if nifty continues to hold 5100 we would target higher resistances in coming week range for may most probably would be (4900-5300) we almost touched 4900 the other day .Today orchid did exactly what I was expecting from it after it touches 280+ can check the previous post on this here....
Lets try to analyze how Bombay dyeing may move in coming days chart is attached...
Tuesday, May 13, 2008
>13TH MAY Trading day
Nifty gapped up,Did sustain it for quite some time Intra day counts suggested nifty can touch 5090-5100 before plopping back ,
But nifty came back crashing from 5060+ and was not able to even sustain 5000 bad stuff,Actually gap ups are usually a short in morning ,But did not do it may be it was not my day :)few stop losses were hit in morning though was able to recover in the eve by some jobbing shorts.
A lesson learned today some times when things look easy they are indeed easy(shorting at gap up).
Regards
Rish
But nifty came back crashing from 5060+ and was not able to even sustain 5000 bad stuff,Actually gap ups are usually a short in morning ,But did not do it may be it was not my day :)few stop losses were hit in morning though was able to recover in the eve by some jobbing shorts.
A lesson learned today some times when things look easy they are indeed easy(shorting at gap up).
Regards
Rish
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