AUTOMATED TRADING

AUTOMATED TRADING

5 February 2012

NIFTY VIEWS

ON 31st JANUARY WE TOLD YOU THAT NIFTY IS FLYING TOWARDS 5400. MY FIRST TARGET SHOULD ACHEAVE ON MONDAY. IT IS BLASTED OVER 200 DMA AND LONG TERM TERNDLINE. A MINOR CORRECTION WE MAY SEE FROM 5400 LEVEL TILL 5220. THEREAFTER MY SECOND TARGET 5600 WOULD ACHEAVE.
MONTHELY TREND IS UP NOW FROM 5217. OVERALL WE MAY SEE A ANOTHER BULL MONTH FOR NIFTY.
ON FRIDAY BULLS TOUCHED 5334 AND CLOSES AT 5325. NOW 5400 LEVEL SEEMS BIG RESISTANCE FOR BULLS. THEY HAVE TO TAKE SOME BREATH AND ALSO HAVE TO GET READY FOR THE DRIVE TO 5600 LEVEL.

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