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NIFTY: 08 May 2012: Nifty rebound will face stiff resistance @ 5171. If rise comes then session will be choppy.

NIFTY: 08 May 2012: Nifty rebound will face stiff resistance @ 5171. If rise comes then session will be choppy.

It was an expected rebound from the zone of 4980 to 5000 levels but it was really much sharper than my expect…

Praveen Kumar 08:15
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NIFTY 07 May'12:Explanation why it was said not to short @5000-4980? A dot support @ 4986. It can recover as long as it hold.

NIFTY 07 May'12:Explanation why it was said not to short @5000-4980? A dot support @ 4986. It can recover as long as it hold.

In my morning updates I quoted NOT to short in the zone of 5000-4980 .  It hit a low at 4990 and rebounded a li…

Praveen Kumar 14:00
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NIFTY: 07 May 2012: Fresh down wave running as expected. What’s next? Support @ 5000 or @ 4950-4930. Strongly suggested – No immediate shorting from 5000-4980

NIFTY: 07 May 2012: Fresh down wave running as expected. What’s next? Support @ 5000 or @ 4950-4930. Strongly suggested – No immediate shorting from 5000-4980

I have quoted this on Friday before trading hours, “For today, I am expecting the test of 5155. If we spend t…

Praveen Kumar 08:32
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NIFTY: 04 May 2012: Fresh down wave begins and fall may continue. Watch out 5155 and 5135 for supports. Nifty may not save 5135.

NIFTY: 04 May 2012: Fresh down wave begins and fall may continue. Watch out 5155 and 5135 for supports. Nifty may not save 5135.

I took short @ 5285 then booked yesterday for some bounce to short again. Well, no bounce came and I am forced to…

Praveen Kumar 08:18
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