CMP: 5200.6
Firstly, thanks to Sultan & Dilip for gr8 company ysday. Did not know how time passed by !
Secondly, sorry to both of you --> I said casually ysday, that I Do NOT expect market to fall below 5200. Nifty proved me wrong in one swoop today !
Pls accept my apologies for "expressing what I felt / opined" : rather , I should have said let trend & SMO SAR show the way,esp since Friday close was 50-50 :-)
Ok time to work up the sweat ...
SMO SAR VERDICT
SMO SAR EOD = 5262
1. 5-10 Bear X-over in Place @ EOD close << 5230
2. Shorts Created @ Pivot break today @ 5291, 50% booked @ 5220
3. Carrying balance 50% with TSL @ 5262 , will seek to Exit @ Day TA Support = 5146
For EXITs: Always give MORE WGTAGE to Day T/f Support- Resistances !!
cheers
Firstly, thanks to Sultan & Dilip for gr8 company ysday. Did not know how time passed by !
Secondly, sorry to both of you --> I said casually ysday, that I Do NOT expect market to fall below 5200. Nifty proved me wrong in one swoop today !
Pls accept my apologies for "expressing what I felt / opined" : rather , I should have said let trend & SMO SAR show the way,esp since Friday close was 50-50 :-)
Ok time to work up the sweat ...
SMO SAR VERDICT
SMO SAR EOD = 5262
1. 5-10 Bear X-over in Place @ EOD close << 5230
2. Shorts Created @ Pivot break today @ 5291, 50% booked @ 5220
3. Carrying balance 50% with TSL @ 5262 , will seek to Exit @ Day TA Support = 5146
For EXITs: Always give MORE WGTAGE to Day T/f Support- Resistances !!
cheers
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