way2profits

Update as on 21 Feb’13

Nifty as on 20th Feb, 2013 – 5850

Yesterday, we trailed our position with cost price, and it got triggered. It seems that Nifty will weaken further, but somehow I believe small traders will not earn much out of it. As I am risk-averse kind of personality I would recommend to buy puts or take only intraday selling opportunity by any pivot system like many a times I like Gann Square of Nine, to play in intraday.

Bank Nifty as on 20th Feb, 2013 – 12064

Bank Nifty is standing on verge of giving breakdown, one or two weak close can drag bank nifty further lower, what you saw today is just a trailer. But always follow systematic approach. Buy puts and stay calm, because weakness is not confirmed yet, according to me.

The following two tabs change content below.
We are covering Major Equity, Forex& Commodity Markets, Way2Profits filters information and streams meaningful conclusions right to your inbox. Technical Research is our realm and we fathom the depths.

Latest posts by way2profits (see all)