THE FIRST LOSS IS THE BEST LOSS
Once you come to the realization that your trade is no good it’s best to exit immediately. It’s never a loser until you get out and Not to worry, it’ll come back are often said tongue in cheek, by traders in the pit. Once the phrase is stated, it is an affirmation that the trader realizes that the trade is no good, it is not coming back and it is time to exit.
(Updated on 31-05-2012 Time 8.50 AM)
Given the foreign markets, Nifty Future likely to open down
by about 40-45 points.
Trading below 4920 will drive it even lower up to 4902-4892.
Sustained Trading below 4885 will cause panic free fall up to 4844-4826.
Hurdle at 4974-4985 area intraday upper levels.
Bearish view below 4920.