NSE:NIFTY: Party is over… pack your bags and go home.

 

After touching the target line on 20th Feb. Market is turning negative, I am expecting to retrace back to 5150 or even 5000…. I won’t be surprise with a 100% retrace back to 4600 but that will take time and dead cat may bounce back after some initial fall.

The idea is to get out and stay out of NIFTY until I say to BUY again. If you like to take risks…  SELL NIFTY with STOP @ 5650

 

Nifty: Stay cautious… target almost hit… book profits of 1000 points :)

 

This was my post on 20th Dec, 11 (http://blog.vikasverma.com/2011/12/nifty-nifty-oh-my-nifty.html)

I said: BUY above 4600 tomorrow or above 4500 next Week (26 Dec), Stop at 4000, Target 5800.

And this was how the chart was looking then

 

and see how its looking today…. go book your profit of 1000 points in less than 2 months.