Posts

Showing posts from March, 2009

TOP OUT or BREAK OUT ?

NIFTY - may be top out anywhere between 3100-3250.

If it trade above 3250, it will be the signal for breakout . After the breakout it may come down even upto 3000+ but it will be only correction. Upside may expect 3650-3850

But if it unable to break and trade above 3250 then we may expect once again 2500 +

Be ready for either way possibility.

TOP OUT or BREAK OUT ?

OPEN MINDED OPINION for NIFTY

If NIFTY will not break and trade comfortably below 2500 before June 2009, we may come to a conclusion that the bottom was already over in Oct.2008 itself. (it may be more confirmed, If it break and trade above 3250).

i hope that i am the first person to say so. It may be wrong but my opinion is opinion.

NIFTY

NIFTY - No change in the existing Orbit of 2500-3250 (very long sideways moments still continue.....)
So it took support at 2500+ and now again try to attack in higherside 2800 and 2900