AUTOMATED TRADING

AUTOMATED TRADING

11 December 2012

NIFTY UPDATE

AS NIFTY CLOSED FLAT SO THERE IS NO CHANGING IN TECHNICAL PATTERN. NIFTY TOOK SUPPORT EXACT AT 5888 AND I THINK MARKET SHOULD RESPECT THIS SUPPORT  AND MOVE ABOVE FROM HERE. EVERY TOM, DICK, AND HARRY IS BULLISH ON DALAAL  STREET AND GIVING TARGET OF 6600-7000. WHERE HAD YOU BEEN AT 4800-5000 LEVEL MR. ANALYST. BUT DON,T FORGET BIG BUST IS NEAR. MARKET MAY STRETCH UP TO 6200 IN EXTRIMLY BULLISH CASE  AND I EXPECT BULLISH TREND TILL 3 JANUARY BY ELLIOTT WAVE CYCLE WISE. JUST IMPROVE YOUR STOP LOSS AND BE IN TREND. 
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