yesterday Retail sold and FIIs bought and are buying today...
nalinakshi
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@Parasuram, ifeel the way nifty is going probably nifty will break out of the range and will move away up, we retail traders with the fear getting stampeded shy away, and always will be lingering with left out feeling
Parasuram
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@nalinakshi, yup ! agree with u... i knew it was still closing above short term moving averages yesterday.. still carried my shorts.. had to cut above yesterday' high and now at 10100 have taken longs with stop at 10030.... on any dip will add...
Parasuram
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@Parasuram, carried the shorts as it was closing below prev day low and weekly close...still i burnt my fingers...
nalinakshi
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, in case.@Parasuram, nowadays tradition thinking of if icloses below the yesterdays close will not work, as everyone is becoming knowledgeble. It has become difficult for the people who ditch, money is made by decieving, If you would have see the chart and price very carefully you would have covered your shorts, but please donot do mistake of averaging, every chance of nifty breaking above the previous high is more. monthly price is above the close previous month, so be watchful, and reliance will deliver results. and mutual funds are loaded with money, so they need to keep their NAV dressed up. if there is any retracement get out of your short. possible retracement levels will not be below 10020nifty, you may get retracement to 10067
Parasuram
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@nalinakshi, it is gonna be bursting crackers at the bourses from today...Nifty is clearly heading towards 10300 by wednesday