6-11-2008 Views

Hi, Much awaited US election is over. New power has been elected.whether it will do good to Indian economy or not we have to wait and see. Definitely it has not helped our market to define the bottom. Nifty has closed at 2994. Immediate support is 2900 and next support is around 2860 below which it may touch immediate lows of 2760,2660,2600,2400, 2350,2300. Below 2300 Nifty may come to 2200 levels, where nifty may find the bottom. Similarly immediate resistance may be 3050,3100,3145,3200. Nifty will show strength only above 3200 and face resistance at 3350. Best of luck in your trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

04-11-2008 Views

Hi, Nifty is still not out of woods. The more aids and stabilising methods from governments coming more negative feeling will set in. The situation is suitable for only big players who can manipulate the market and swallow the individual investors. Nifty went past 3000 and closed 3043.It has to cross 3100 with force to be in the upward journey. Again at 3200 region Nifty will undergo heavy selling pressure. If nifty sustain above 3250 we can expect some higher levels. If nifty is unable to cross 3064 and 3100 region it will come to 2500 level and below. Best of luck in your trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.