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SEE Nifty Chart is at the end of this column. Watch 6030 on Nifty, it will remain weak as long as it is trading bellow that level. Nifty is near the 5950-6000 support range. Lets see if Nifty breaks or holds that range. Nifty has given vulnerable closing last week. Now onwards profit on Investments might [...]
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Observations & Possibilities: Nifty has turned bearish for long term today. 4620 is the second target in short term for Nifty. 4200 is possible in few months on NIfty. Intermediate trend of Nifty will turn UP if it closes above 5035. Moderate risk for fresh long term investment. Fresh Long Term bearish stocks : Tata Power , Ranbaxy , Praj [...]
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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Nifty has broken 4960 decisively. In short term 4850 & 4620 levels are possible on downside for Nifty. 4200 possible in few months on NIfty. Intermediate trend of Nifty will turn UP if it closes above 5210. The red trend line in the chart is important supply zone. [...]
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