Thursday, February 4, 2010

BULLISH ONLY ABOVE 4900!

NIFTY as expected is hovering in the range of 4850-4950. Till we manage to trade above 4900 Al iz well! The road is uphill but there are many  speed breakers.....5050,5100,5170....

Keep trading in these respective bands. If nifty manages to close above 4900 today trail longs with a stop loss of 4850.

Some positive developments are expected in Oil and Gas Sector.

Keep a watch on Reliance Industries and Essar Oil..Reliance is showing resilience in every fall and has highly underperformed the indices.Such behavior is an indicator of positive developments in the future.

Have a great trading day,

Reagrds,
Rahul T
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About Me

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Welcome to my blog.The name is Rahul Tawde. I have adopted trading as my profession and have been practicing it for over 2 years.This blog is an attempt to reach out to people in the capital markets who trade for a living.I welcome fellow professional traders to come forth with any suggestions to improve my blog and also to improve our trading.