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2.05 pm , 6 Aug 10 : Sharp selling in German Dax.
8.10 am , 6 Aug 10 : Global Trend is weak and down at present. Watch 5430.
Nifty is back in the range of (5350-5450). Chances of yesterday’s breakout failure are there now.
Some stocks may recover on Friday only if Nifty [...]
Tags: global trend, nifty resistance, nifty support, nifty techincals, nifty tocay, technical analysis of nifty
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From 14 April 2010 we are saying the level of 5050 is possible on Nifty in & now Nifty is trading there
Observations & Possibilities:
Global markets have given poor weekly closing with long term impact.
Closing above the pink line in the chart may attract buyers & short covering.
The Intermediate trend remains DOWN with target of 4960 on NIfty.
Breaking [...]
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Observations & Possibilities:
Nifty [...]
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On 24 Feb We wrote 5400 as possible target for Nifty & Today Nifty achieved it ! NO Magic…Only Technicals!!!
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Observations & Possibilities:
Nifty’s target of [...]
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On 24 Feb We wrote 5400 is possible on Nifty & Today Nifty is standing there! NO Magic…Only Technicals!!!
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Observations & Possibilities:
Nifty near its target of 5400. A pause in uptrend.
5570-5600 levels are looking possible now.
On downside NIfty may test 5230. Failure to hold 5230 may take Nifty to 5070 & 5000.
Sharp moves possible [...]
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