Thursday, May 24, 2007

If you open at support.. how can u go down further??

Rcom opened, day low at my level 480
Sbi opened more or less 1252 area opening trades...
ndtv 380 open but ideal buy level given was 377...
In the case of a gap down in a bull move??
the early bird gets the worm :)
Strong funda/technical trend stock.
Just buy market order @ open @ gap down.

Whether or not we do 4400 is now decided by 4150-4180 area. as mentioned in my previous post.
I honestly don't know
50:50
regardless of what nifty does strong stocks like relcap/mcdowell/patni etc are to be bought
and weak stocks which form double tops and head lower below recent consolidation lows of 4030 should be shorted. Not everyone can be a part of local 5th waves...

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