Wednesday, September 23, 2009

INTRADAY TIPS FOR 23 SEPTEMBER 2009

GOOD MORNING!!!
MARKETS WOULD BE RANGE BOUND WITH POSITIVE BIAS ONE HAS TO STAY VERY CAUTIOUS AS THERE IS FNO EXPIRY TOMORROW. TODAY IF NIFTY 5000 THEN IT WILL REACH 4970 AND BREAK BELOW THIS LEVEL WOULD TAKE NIFTY TO 4940 AND ANY CLOSE BELOW 4920 IS CONSIDERED TO BE WEAK CLOSING AND TODAY WE WOULD SEE ONLY NARROW RANGE BOUND MARKET. ON THE POSITIVE FRONT IF NIFTY TRADES ABOVE 5025 THEN WILL HIT 5060 AND THEN 5080. FOR NOW NIFTY LOOKS POSITIVE AND NEEDLESS TO PANIC BUT WISE THING IS TRADE WITH VERY LESS CAPITAL.
NO RECOS STAY CAUTIOUS