FOLLOW UP --- LONG TERM VIEW

On 1'st June in this post ( http://www.kolhapuritrader.blogspot.in/2012/06/long-term-view.html ), we have advised that high risk investors should invest 33% of investible  surplus at 4800-4850 level. On very next trading session ( i.e. 4/6/12 ) it made low of 4770 and started up move.

Right now even though long term trend is now, short term and medium term trend is up. Those who bought arond 4800-4850 should book profit at nifty level of 5200. But to reach level of 5200 it has to clear resistance at 5100-5120 zone. So keep stop loss of previous two days low.

NOTE : - TO TURN LONG TERM TREND UP NIFTY SHOULD GIVE WEEKLY CLOSE ABOVE 5378.75. 

Since there is  GLOOM N DOOM scenario all over world right now, in long term view we are trying to capitalize on short / medium term rebounds, at the same time we will be fully invested whenever there is long term up trend. In this effort we may have to take small losses, but the main objective is we will try to preserve our capital at the same time we will not miss the  long term opportunity.

DISCLAIMER: This Blog is meant for sharing our trading and investment ideas only and no calls to be taken as trading / investment recommendation. Visitors please do your own research or consult your advisers for safe trading, investing.