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Sunday 26 October 2008

Nifty 2610 target done !

Refer to our earlier post Is Nifty that bad ? - 2610 coming ? . Did we expect that to happen ? Well frankly speaking no. That was just a target technically seen as the formation warrented that ! A massive head and shoulder formation was an indication of something bad.


The chart below shows what was the scene at that time in June.
And as of now the scene changes to bang on target. What a global me
ss it has created. Who is in profits trading that kind of stuff ? Very very few people as a thumb rule are in profits to this volatile tumbling market.

Below charts shows the situation as of close of Friday.
What next ? Wait and watch !

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