So nifty is doing what cycles were suggesting.. now looking at channels and trendlines looks like we can move towards 40D and 20D trough towards 5730 levels till 20-22nd december and then rise and shine till 6100 maybe( this will be decided later on) , so please accumulate some nifty stocks at lower levels. (i am doing so, i sold my SBIN and then will again accumulate @2100 odd levels) i am also planning to add relcap and relinfra near theri supports of 390 and 470 respectively for a handsome 10-15% in two months by february.

Dont get swayed by when bears come out at 5700 levels and start predicting a move towards 5500 and below. Do what cycles are telling you.


Again its not going to be a straight downmove, we might move hard down till 17/12 and then move up a little since 20d and smaller timeframes will bottom out. Short again and hold onto your shorts till expiry. you should be in a good shape.


Happy trading !!
Cheers
Sachin