Wednesday 22 February 2012

23 Feb Expiry day.

NiftyFuture 5518.
Stop and Reverse SAR 5464.
Trend Reversal Down below 5464.

Resistance
5590
5554
Support
5482
5448
Happy Trading

Today Sold 5500 Call @ 130 [bought @ 65 on 16nth Feb]

Finally,Bears have managed to close it below 5560,after a sharp rally from 4538! Looks like Trend Reversal or only a Correction ! Whatever it might be,we follow our SAR. Trend Followers only win the Markets.Tomorrow Trading below 5560,a trend reversal sign !

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