Stock Market Today – Flashback

Dow

Yesterday night dow hit the first target as mentioned in http://jerrytechnicals.blogspot.com/2009/11/technical-analysis-of-dow-jones-djia.html

Nifty

Readers would have made reasonable money in nifty future today as nifty moved from

long level to 4901 before going on a sideways march.

RELIANCE CAPITAL

Readers would have had 3 chances to trade long in relcap today.

First it opened just above long level and moved to target 2.

Then it corrected to long level and moved to target 1.

Third time traders would have had their stop loss triggered, but a reversal of trade to short would have

recovered the loss.

My Trade in Bank Nifty

Though a blind short at R2 would have been best trade in BNF today, i did not

venture into any trade in BNF as it was sandwitched between R1 and R2 for most part of the day.

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