31 AUg 2010
Morning all.. AS per expected on friday.. Nifty andBSe broke thru my support levels and crashed.. a recovery back to those levels of 5450 and 18160.. wasnt sustained and it crashed again yesterday. Now watch for 5360.. a crucial support for Nifty.. break of which will open dors for 5100 and 16800 in BSE..
JPY did gaive rise above 85.50 as per discussed in 26 Aug view and crashed from there.. Although bernanke talked up teh economy with hopes of 2011 on friday.. but Stocks ignored his plea next day.. cos as per market thinking.. 1.6% growth of economy is still lousy.. look out for break of 10000 and 1040 in Dow and SnP 500 index today.. that happens.. my views go strong..
carrying two strat positions now.. Euro short at 1.2720 average.. and INr long at 46.65.. will add to INR if breaks above 47.00.. and Will add to euro shorts if breaks below 1.2580.
happy hunting.. crash and burn coming up for all risky assets soon..
Morning all.. AS per expected on friday.. Nifty andBSe broke thru my support levels and crashed.. a recovery back to those levels of 5450 and 18160.. wasnt sustained and it crashed again yesterday. Now watch for 5360.. a crucial support for Nifty.. break of which will open dors for 5100 and 16800 in BSE..
JPY did gaive rise above 85.50 as per discussed in 26 Aug view and crashed from there.. Although bernanke talked up teh economy with hopes of 2011 on friday.. but Stocks ignored his plea next day.. cos as per market thinking.. 1.6% growth of economy is still lousy.. look out for break of 10000 and 1040 in Dow and SnP 500 index today.. that happens.. my views go strong..
carrying two strat positions now.. Euro short at 1.2720 average.. and INr long at 46.65.. will add to INR if breaks above 47.00.. and Will add to euro shorts if breaks below 1.2580.
happy hunting.. crash and burn coming up for all risky assets soon..