Dated :- 19.05.2013 (Sunday)

Hi,

Readers

Nifty today at 6187.30 has been in strong bull phase till now and the life was very easy for bulls.

But “Bulls Bulls Bulls “now it is the time to be nimble footed and be on your toes.

Have a hawkish eye on the market as the correction can come in the markets any time.

However the target of 6283 in the Nifty is still pending for which the bulls are aiming for, but to reach this level of 6283 requires a lot of fuel and energy from bulls, as 6250 is a very strong resistance for the Nifty.

Some market traders have perception of higher levels of around 6500 to 6700. But I do not suppose so and all those who are dreaming for level of 6500 to 6700 will remain in their dreams for now. That level is not going to come in a hurry.

So, what to do now??

Those who are holding long positions and till now riding the trend watch for the level of 6128 on spot Nifty. If Nifty goes below that and stay there than the close of Nifty below 6128 will be a bull stop loss who are riding the trend till now. The choppiness in the market will kill all your profits. Wise man always protects his profits first and do not become complacent. Also, Please do not be aggressive seller too, because shorting time has not come yet just book profits and step aside and keep reading the blog for further course of action.

Keep watching my Blog and market, as zone of tussle between bulls and bears is coming ahead. Be cautious and enjoy the profits.