Tuesday, March 13, 2007

Nifty in a triangle like may 2006 13 ema 3800 res

Follow the falling tide 13 ema: 3800
its down
time to sell
Triangles usually give trend continuations , but be wary of this one.
It can break in either direction
above 3800-3840-3900 as anticipated earlier
below 3700, 3676/3570
below 3556-3440-3330-3220-2920
@ 2920 be fully invested+long regardless of what cnbc is saying

Can look to buy 3700 puts if triangle breaks down.
Should double/tripple within a few days.

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