Friday, March 25, 2011

Nifty flies past 5600 resistance.

India was the star today in the Global markets. Gains more than 2% with Technology and Financial sectors being the star performers. Nifty took off 5600 resistance with a vengeance, volumes showed above 100% surge almost every hour in the trades today. Next stop for the index is likely to be at 5750, but before that there is a possibility of some weakness which will provide opportunity for short term traders to trade long.


Apart from Energy and Healthcare sectors all other sectors had the leaders running far ahead of their peers. Technology got a big boost from the US closing the precious day. Bull run likely to continue. Long trades in our trend following system have reached 250+ points in peak gains. All losses incurred during the month long range market has been recovered in the single long trade that is running now.


This is the reality of trend following, traders following our calls, enjoy the bull run.

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