Wednesday, October 20, 2010

Nifty Future Only--20-oct-10--Before opening.

As expected Nifty future will open gap down, expecting 5990-6010.
NF will try to cover up and expecting any range up to these black lines--
6120
6128
6132
6155
6193
I am expecting up side will be a trap for long.
Any body having long position, should come out at any up side level. You can go long when the market will strong again. Now weakness is reflecting.
After up side relief rally, i will post down side target today any time..

Again i said be cautious about longs.

This analysis is made for current situation..


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