17/9/08
04:30 pm
Well .... Everyone was expecting a positive opening on flat to positive global cues, but it happened third day in row ....... Nifty futures did'nt have the courage to cross 4099. It kept on whipsawing wih pivot point, that was 4041 ...... but finally the bears jumped out of the window dragging it down. The only positive was that neither spot or future did not convincigly break the first pivot point support that were 3966 and 3983 respectively. Another important day lies ahead, if any weak glodal cues occur tomorrow then we can test the 3920-3930(spot) levels again. If those levels don't hold, we might test the prior lows of 3790 (spot). For any upside momentum nifty futures need to cross and close above 4099.
Happy trading and cheers
Note : Please do register feedbacks ...... They are more than appreciated.
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2 comments:
Sir, I am a trading enthusiast and would wish you to tell me when the nifty would be 6200+
and please also elobrate why did nifty fall in the first place?
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