ON 17th MAY 2010 - MARKETS ARE DOWN LITTLE

OUR MAKETS ARE NOW AT CONSOLIDATION MODE BUT THERE IS  A CHANGE OF CIRCUMSTANCE IN LAST WEEK - SHORT TERM AND MEDIAM TERM CHARTS ARE REVERSE FORM THE LOWER LEVEL, LONG TERM IS ON THE LINE. 


SO NOW THERE IS NO NEAR TERM CORRECTIONS ARE NOT POSSIBLE. THERE MAY BE LITTLE DIP 50 - 100 POINTS. 

IF GLOBEL MARKETS ARE WELL MONDAY LITTLE DOWNSIDE AND THE MARKETS ARE UP ON THAT DAY. OR OTHER WISE WE MAY GET CHOPPY MARKET ON MONDAY.

ON WEDNESDAY 2nd SESSION MARKETS MAY BE REVERSED. SO ON THE LOW LEVELS WE MAY BUY SHARES FOR SHORT TERM INVESTMETNS. 

TOMORROW NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5190

DOWN SIDE : 4980

IN BETWEEN THESE WHAT IS OUR BUY/SELL LEVEL WE SAW THAT FIRST :

BUY NIFTY FUTURE ONLY ABOVE 5148 LEVELS THE TARGETS ARE 5168 AND 5198.

SELL NIFTY FUTURE ONLY BELOW 5079 THE TARGETS ARE 5035 AND 4990.

THESE TWO ENTRY LEVELS ARE STRONG SUPPORT AND RESISTENCE LEVELS SO IT IS BREACHED THEN THE MARKETS JUMPED ON THAT SIDE.

STOPLOSS FOR BOTH THESE ENTRIES ARE 5116.

BANK NIFTY

BUY ABOVE 9691  TARGETS ARE AT 9724, 9773 AND 9810.

SELL BELOW 9577 TARGETS ARE AT 9524, 9503  AND 9487.

PRACTICAL LESSON - 2 :

DON'T BOOK PROFIT AT THE EARLIER STAGE AND DON'T WAIT  FOR BIG LOSS PUT SOME STOPLOSS IN EVERY UP OR DOWN.

ONLY VIRTUOUS DEED IS THE INSURANCE OF YOUR LIFE.