As said on 21st Nov....if Nifty holds above 5050...we can see New Year High....And It stayed Above 5050...And Made NEW YEAR HIGH on intraday basis, later draged from previous high of 5181, Seems Some one has shorted heavily at 5181 levels
Now 5181 Will act as HUGE HUGE RESISTANCE, Updise targets can be seen as 5480-5625-5800 if we cross 5288..........if we don't close above 5158........then chances of downside are more
As per my view, u should hold on cash and buy at every dip is good strategy, Technically Nifty should fell to 4600 levels, i am waiting for it
I have advised my clients to Short RANBAXY at 513 , and we are waiting for 4600 levels to build a good portfolio
For Any queries or help regarding any stock mail me at VSS_SECURITIES@YAHOO.COM
Yours Truly
Aditya V Singh
+919819198001
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