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Showing posts from February, 2008

NIFTY

As for as Nifty is concerned, no change in the earlier opinion. Worst is yet to come.
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If NIFTY Close three days consequently above 5600, then that will be the Major Trend reversal. Unless or otherwise, everything pullback only.




NIFTY - selling arrested around 4800-4830, now expect a rise may be upto 5170-5200.

PERCEPTIONS PERSIST

Just 15 days before, all the market participants (FII, DII, QIB, HNI, RETAIL etc., etc.,) were ready or even invested (committed to invest) 5 lac crore in a company (till date even their website is under construction only), but today, the same market participants are not ready to pump 0.40% (ie.2000 cr.) of the earlier committed amount to take delivery of the same company.

Moral of the Story is always PERCEPTION dominates the Market price, technical and fundamentals just following it.

NIFTY

Above 5400 ; Target 5650-5680.
unless otherwise sideways pattern of 5000+ to 5300+
Next round of Sell mode starts once its CLOSE below 5000.