Nifty needs to close above 5825.Yesterday,It touched the perfect low at 5748.60...Which is the first time since market started to come down from 6111.80...which may be a good signal.
I had found bearish signals in Mid caps 35-40 days ago and posted here,But may be due to some wrong interpretations,I could not capitalize on that. I have till Now No problems and I can manage it and may get back in to the Profit. But I feel sorry for those who might have lost some money.
My first aim for the Nifty is 5786.....and 5825.....I always try to to bu at support and when that support breaks I sell. This discipline had saved me a lot of times. Yesterday I bought Reliance fut when it was at 835.40(Spot)...But came out of it when it went below 835. And Bought back again at 820(Spot).Larsen I bought in the morning but Booked loss when it went below 1375...1369...I squared off my position of DLF in the same manner NPNL.