NIFTY SPOT EOD CHART DT. 25 MAY 2011
NIFTY SPOT 5800>>>>>>5330 ++++ 470 ++++ POINTS
HOPE YOU ALL ENJOYING THE FALL AND DID NOT MISSED THE TRAIN
HIT TGT 1 - 5560 / HIT TGT 2 - 5480 / HIT TGT 3 - 5370 AND NOW TGT 4 - 5245 PENDING
FLAG PATTERN FORMATION BREAKDOWN BELOW 5480 WHERE THE HEIGHT WAS OF 160 POINTS AND TGT BTW 5310-5330
TODAY I.E TUESDAY NIFTY SPOT MADE LOW OF 5328.70 TGT HIT ENJOY
POSITIONAL SHORT TAKEN @ 5800 AND DOUBLE BELOW 5680
LAST WE BOOKED 50% OF SHORT @ TGT 2 - 5480 AND BELOW
YESTERDAY + DAY BEFORE YESTERDAY WE BOOKED MORE 20% - 30% OF REMAINING SHORTS POSITION @ TGT-3 I.E 5370
NOW FOR REMAINING 20%-30% OF SHORT STOPLOSS REVISED TO 5380 FROM 5460 ON CLOSING BASIS ON NIFTY SPOT
AND BOOK REMAINING 20%-30% @ TGT 4 - 5245 AND BELOW
ENJOY THE GREAT FALL - MORE UPDATE WILL BE POSTING UNDER WEEKLY UPDATE SHORTLY