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09 May, 2009

Nearing a major fall???

RSI and price divergence in the daily charts shows that markets will fall drastically, may be up to 3150-3050 nifty range in near future. But, exact point of time can not be calculated now. We have to go by price movements at the higher levels. If price breaks 10 day ma line (now at nifty 3555-3546) and closes go for big shorts for the above said targets. We may expect this fall with in one month. Now the markets faced major resistance at nifty 3720 level. There are hurdles at 3800-3880. So, from there or at 4000 zone markets have to start falling for a major range of 20 % and above. Be alert for en cashing this fall.

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