Yesterday Bernanke Said "Fed Continues Twist" Today Nifty gave a Twist after 02:00 pm. Rumours of CRR Cut by Friday Evening - as a Result Bank Nifty gave a Stunning Rally along with Banking Stocks. No one know is that True or Just a Rumour. As a Result Head & Shoulder Failed and Nifty rallied and closed above 5144. Now I need to re-arrange all my counts.
As I gave a Sell Call Yesterday :-
(20/Jun/2012 09:45:37): *****NIFTY-ALERT**** Sell Nifty (spot) near cmp:5121. SL 5144. Target 5098/5080/5060.
(20/Jun/2012 13:26:09): *****NIFTY-UPDATE***** :-
Nifty near First Target 5098. Sell given at 5121. Carry your Short for the Next Target.
(21/Jun/2012 10:07:03): ****Nifty-Update**** :-
Nifty Sell given Yesterday @ 5121 - cmp:5094. Partial Profit can be Booked near 5080 (spot).
(21/Jun/2012 14:28:52): ****Nifty-Update**** :-
Nifty Sell given Yesterday @ 5121 - cmp:5129. Exit if trades above 5145
Atlast after lot of Patience 24 Points Stop Loss was Hit.
Nifty has successfully saved 5090 (spot) and able to give a Stunning Rally even though European markets where trading in RED, showed that our Indian Markets have their own way to choose.
Now Whats Next. Tomorrow again Nifty has to Cross some Important Resistances like 5174 / 5184 & 5190. Support Now moves to 5144-45. Lets wait and see the Interesting Friday Move on Nifty...Cheers!!!
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