11-6-2008 Views

Hi, Like it was discussed on 10-6-2008 NIFTY came down below 4500 and made a low of4370.NIFTY then moved to 4449 and closed at that point. It was sugested that if NIFTY goes below 4350 level there will be more down side .Still that situation has not passed. Nifty may touch 4200 or below at 4150.Depending upon any market positive news the NIFTY may bounce from 4150 level which was formed during July2007. The present upward movement will sustain only if NIFTY close convincingly above 4500. While the author of this post is not responsible for the profit or loss incurred by the readers due to decisions taken based on this post he wishes every one a very prosperous day.