Equity Market Pundit

Hi there again....

As posted earlier ....there were signs of weakness in Nifty Fifty. The weakness was shown by simple trendline analysis (thats what I call)...Now the question is are...going to witness a complete downfall...???

Nifty is currently at 3774...and the kind of candlestick it is showing is or can be termed as bearish engulfing ...for conformation we need to wait till monday...

While I also looking at support for nifty at about 3741...which would decide weather the last leg of upside is still there..

Happy Investing

Markets may Cool in after 2 or three session Nifty may correct before settlement

Hi ALL

It is quite impossible to really find the level at which market would stop....Once the level of 4100 is crossed ...and the RBI not really looking for tightning this time ..
Nifty can sure see levels of 4200++...will it touch 4340?? time will decide...


But from the charts and the trend line there is a word of caution..we could see a fall in market in few days may 2 or 3 sessions at most...

Few stocks which include Teledata In. and Atlanta had a great rally...and we hope it will continue..