NIFTY Spot : 6652.55
Hi,
Readers,
Nifty came down
sharply as expected & today made a low of 6642.9 & closed at 6652.55.
Now on Monday we have
exit poll results and they will have their impact on the market.
Readers of this blog
are sitting at very handsome profits, because the Nifty reversal point was
predicted accurately.
In any case the short
position in Nifty would have been closed on coming Friday (i.e. May 09, 2014). Because from
now onwards exit poll results & their expectations would determine the move
of Nifty & not the technicals alone.
Wise person always take
wise, analytical & beneficial decisions.
It is recommended to book
profits completely from the short position in Nifty & step aside. And enjoy the
profits.
It should be noted
that we are booking profits only because of major news event is standing head
on & not because of any technical reasons. Looking at technicals Nifty has
today given a breakdown of double top pattern which is bearish for Nifty.
But one should also remember that in the case of news events,
sometimes news overtake the technicals.
Remember the saying :-
“Actual Profit Who Jo Ghar Aa Gaya”.
Enjoy the profits.
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