Monday, 18 March 2013

Nifty Page: 18-03-2013(EOD)


In my yesterday's post, I had posed:
Q

Moot point is-- has B ended at 5792 or not???
UnQ

Today's price action has not answered it.
And with RBI policy due tomorrow--- one cannot complain.
All bullish views should wait till 5906 is breached--- for targets as high as 6060.

And bearish views would get confirmed if 5861 remains unbreached and first 5816 and then 5792 gets breached on the downside.

So if we open above 5861 ,I would get positively biased
And, similarly an opening below today's low of 5816 would make me negatively biased.
RBI policy announcement would be giving a 100 point move in any direction and hazarding a guess more than what is mentioned would not be prudent.

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