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Nifty movement on 25th Jan 2010..

By Indianbigboom on Jan 24, 2010 at 05:42 PM
2
American market down again more then 200 points on friday. Where we will on monday morning. According to my view - we will open negative 30 points then we will see a sharp rally towards 5080 again. Everyone is waiting for some good announcement by our PM on 26th Jan. So market should not go below. For long buy position stop loss 4935 is good (if close below that then hedge your long with put option) , for long short position stop loss 5110 is good enough (if close above that then hedge your short position with call option). Please share your view also. No one is perfect , but through this channel we can know market much better. :)
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Disclosure: Analysts, their relatives, friends and clients may have position in the stocks suggested by them.
Disclaimer: Above recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments; no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.