power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, December 17, 2008
SELLING GALORE
Nifty gapped up to Deceive, made shorts take a stop loss yesterday/today then trapped the baby bulls seeking 3150-3250 levels..to just reverse and grind down to the levels I gave as support of 2945 ..HOWS THAT. ?????? All visiting my blog would have gained by reversing positions and clearing all longs..& going short even in small lots..THE MAGIC LEVEL OF 3078 WHICH I WAS WRITI NG for days as a top NEVER GOT BREACHED...SO RANGE 3078-2945 worked well today....It was a good profitable day on the short side..hope all friends coming here and in a friendly chat room enjoyed the sell call and levels given... enjoy the evening ..CHEERS.
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