Hi friends, as I posted yesterday my Nifty Intraday view that a reversal may happen if Nifty sustain above 5260 and today morning it open bellow that , so hope no one go long with Nifty for Intraday. And as earlier I posted Nifty may come down at 5216 and today it made a low 5215.7 till 1:18 p.m. Don't know the next destination, I haven't seen yet...
And hope more pain is awaiting in short term. Look at the TATASTEEL daily, I am really worried about it, and as per chart, what it formed, I would prefer to stay away from TATASTEEL, and I think it may test the GAP of 15th May 2009, and until it come around 250-270, simply I am not interested.
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