Wednesday, August 03, 2011

BTST trade no 4:Should you short or go long at market closing today?

sensex down 190 at 17919 points nifty down 52 points at 5404 with ten minustes of trade left

should you buy or sell for profits at todays closing prices on 4th  aug

Predictions: markets will be volatile on 4th. a short position taken today in index is likely to be profitable in early morning  trade as market will drop fast in negative zone  even if its open in positive zone (less likely)

however long positions will become profitable by mid day or earlier as market likely to move both above and below todays closing

disclaimer: this is an experimental series on BTST with unverified success rate.high risk traders can use this prediction judiciously at own risk.

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