what a slide? STEAM is not valid even to one day. A huge fall in heavy weights led the sensex below 10 k. Then, I feel, for a support nifty may have to touch the lower parallel line in the below chart given in previous post, may be in the next week. the reversal may be max up to nifty 2900 - 3200.
Dow was also in -ve closing on Friday. Asian markets may also be in -ve tradeing for monday. Hence, our markets may also be in gap down opening. As some support measures are on for Mutual Funds, we may not expect huge selling. Be careful for bind short in the market. Intra day trend is important from now onwards. As far as sensex point of view level will be 8800. Nifty level is 2900.
No comments:
Post a Comment