"TRADING IDEA FOR WEDNESDAY (16.03.2011)"

THANK YOU DEAR ILANGO AND MYNAC FOR VISITING AND SUPPORTING THIS BLOG.
HERE WE BELIEVE BOTH OF YOU WILL KEEP POSTING AND OF COURSE, GUIDING US........
FOR TODAY: After a nightmare dropping in global markets yesterday, today in the morning, almost all Asian markets are trading in GREEN. Nikkei is trading around 3% up. Indian market does not have proper reason to fall rather than dancing with the global tune.
SGX Nifty is trading around 5490, up 27 points at 8.30 a.m. suggesting Nifty spot may open around this level. Surely it will try to move upwards and cover its yesterday's loss.
TRADING RANGE PROBABLY BETWEEN 5440-5524. TRADE ACCORDINGLY WITH PROPER STOPLOSS AND/OR HEDGING TO AVOID ANY UNFORTUNATE AND UNEXPECTED CIRCUMSTANCES.

Will update later.......I will write something about Ilango and Mynac also as I have seen both of them virtually in a blog.
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"