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Showing posts from July, 2008

ROUND TWO

NIFTY -As expected after the pullback of 4485, now the correction is going on. In this correction it may come down to 4250 and/or 4100 levels. From there, may expect once again the pullback rise but next time it may be slow and steady. If it break and close above 4485 then that pullback rise may go even upto 4700-4900 levels. It may hold this level (ie.4400-4900) for some more time to distribute. May expect next big fall once again in September '08 onwards.I MAY BE WRONG. BUT IT IS MY OPINION.

NEXT PULL BACK TREND DECIDER

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NIFTY - Eventhough Weekly Chart Showing good sign of Downtrend arrest pattern (time being ONLY). But next week Political Trend may decide the Market Trend. (ie. next PULL BACK STRENGTH)

CRUDE OIL TOP OUT

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CRUDE OIL - Topped out @ $. 147.27

PULL BACK

NIFTY -Now 3848 is the support for this Fall. May expect a pullback upto 4250 or/and 4485. Trade below 3848 may expect 3600.