Nifty fell from 4000 to 3204 in the last few days. Assuming that the weekend bashing is over and we can ride up a little bit. first nifty level that shall easily come is .236 retrace level of 3392 and then a likelihood of 3508 can be seen in the coming days. We must say that this 3508 will again be sell off as the level warrents some even in healthy conditions. Since we are not in healthy conditions, first of all this level reaching can be painful or may turn down again. Market sentiments may start to slow down the negative trend globally but since the momentum was too strong last week, we may see things go back to square one by the week end. Be careful of the weekend again. Trade quick and for small gains if you have to habitually trade.
Monday 13 October 2008
What can Nifty do in the very near future
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1 comment:
great work buddy . keep it on
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