Wednesday, September 11, 2013

Longs caution

Although Nifty made new highs, 5600 (below) and almost all CEs of other

strike prices did not make new highs.

Caution in longs now. Nifty can pullback, and the 5500 PE posted last evening

can come into play.

 

5600CE_Sept_1109

3 comments:

MurAtt said...

Ok .. aaney do aaney do .. at least 5700 lao Nifty spot pe .. at least.

Girish said...

Do you think we can expect a downfall before reaching 6000 odd levels ??

I think we are heading towards 6000 odd levels before any correction. Your views will be greatly appreciated.

AP said...

Difficult to say, but I suspect a short term top might have already been done or will be done soon (just 80 pts between today and 6000)