Nifty saw a huge resistance on monday by still managing to close near its magic figure of 5550 but i think the resistance level would be broken today.Sell nifty from the current levels market is expected to began its first slide rally today and we can see nifty touching 5500 level and infact more down also during intraday.
So call is sell nifty from current levels.
cheers
Showing posts with label nifty 5550. Show all posts
Showing posts with label nifty 5550. Show all posts
Monday, August 23, 2010
Sunday, August 22, 2010
Outlook of stock market for 23August 2010
The market which was expected to slide down on global clues is still standing firm and seems like our market doesnt bother or follow the global or european trends and with nifty closing at 5530 ie more than 5500 confirms that market can see one more rally from here on.The outlook for today looks very good with nifty expected to cros 5550 levels today.One may consider the option of intra day with market is expected to be in green.Good signals ahead for india as market is heading for once again short term bullish trend patern.
Cheers
Cheers
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