Tuesday, October 20, 2009

Nifty at crossroads

Nifty is seemingly at crossroads. Most of the sectors barring Oil, Refinery, Power have moved up and no one is clear which sector would take the Nifty to 5500 levels at this point.

Q2 Results is on the way and next next 10 days would decide where the Nifty would go. Be patient is the word for intra day traders as Stop Loss is getting regularly triggered over past 5 days.

Pause is the buzz word now than Push !


  1. When is the next big dip coming?

  2. Fall has come. Now nifty will take support at 4700 and might start moving upwards slowly.