Thursday, May 13, 2010

Trade Update

We got stopped out of HDFC Bank yesterday itself but the move in LT has made up for all the loss and more.

I am still holding LT to see if it can get by 1997.

The broader market has accepted the gap up from last night and after all things considered this should point to a move towards 5225-5245.

5135 will now act as a big support for the market.

1 comments:

mynac said...

Dear Shai,
I am fully convinced that 5135 will be now big support but do you see any possibility of Nifty even trading above 5200 tomorrow? I personally don't think so because in which manner today Nifty traded in last one and half hour between 5190 to 5170 is real worry for me.At present only the good thing is that the global clues are not too bad to spoil the game totally.The 5200 PE writers will have to give the support to market because now they are in danger zone because Nifty has given a clear cut very much below 5200 close today.Let us see tomorrow.Good Night.