Wednesday, June 04, 2008

Nifty in a triangle?? no new lows? will 4440 hold?? or will we do a wave C carnage till 4000-3600 nifty?

Title says it all.
Bought indiabulls/bhel/bel/albk today.
Had moved into 50% cash earlier, now only 25% cash.
My reccomendation to everyone is start buying around 4560-4507 invest 33% now
33% if a 5% drop comes and final 33% if another 5% drop comes. so @ 4000 ish one should be fully invested
4500-4250-4000

Aggresive strategy is 50% @ 4560 ish then 50% at 4250
In both strategies if market does not go below your buy price and confirms an eod bottom then remaining capital can be deployed on the way up!

Only mega bears will be talking of nifty 3600 but hey anything is possible :).

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