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Moneycontrol.com >> Messageboard >> Market View >> Market Outlook - Short Term >> Today`s expert view
   You are here :     Moneycontrol     MMB    Market View      Market Outlook - Short Term                         Most active discussions of 2006 , 2007 & 2008
Today`s expert view (1)   04-Nov-09 16:23Track this thread   Tracked by (0)  
Posted by:   bull_ramson on ( 04-Nov-09 16:23 )

Pre-Market

The Nifty is in a sharp intermediate downtrend, says Ashwani Gujral, technical analyst, on CNBC TV18. He sees support for the Nifty at 4517 and resistance at 4630.

Support level never came into picture. Now we are almost 2% past the resistance level.

Closing strategy:

Nifty F&O Call: Buy Nifty with target of 4800-4850 and stop loss of 4550, says Ashwani Gujral, technical analyst, on CNBC Awaaz.

If one`s view is that mkt in a sharp intermediate downtrend, now has it changed for this positional call? No idea.

Bejan Daruwalla, GaneshaSpeaks

This week, the intra-day traders, who know how to play the market, will have a great time at Nifty, provided they play on both sides. Don`t base your trading strategy on a single trend, says Ganesha. You are likely to fetch a lot of money if you keep on cutting the deals frequently.

Agree 100% with Ganesha on this view.
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