STRATEGY TO TRADE THE MARKET AT THIS POINT OF TIME- INDIANAWIZARD

well friends,

yesterday we were talking about nifty support and reistance lavels(nifty spot has res at4530 and support at 4400), lets chq the closing....

todays nifty high is 4530.05 (ekks .05 points mistake ! haha)

and todays nifty low is 4390.80 (just only 10 points? lolz)

but what will happen tomorrow? i can see dow is crashing and about -200 point !

haha! another gap down.. okey, we are prepared! in my last msg i gave a chart to trade in gaps..

you guyes following it?? grat haa? the above mentioned chart generated a short sell at todays gap up, and it workd fine. tomorrow? i think again a gap! near 4350.. we may go dwn to 4300 a maximum, but after that? yes the third rule of that chart, dead cat bounce.. just use this gap to cover your shorts and go long..

nifty spot has supports at 4350 and 4300, res. at 4430.

fresh buy is advisable at lows. only fundamental blue chips should be considered to accumulate.