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i also think the same. Actually the current game plan is to get everybody feeling that the rally is over. But the hot money is raring to take indices even higher....
.....
30-July-2010
Nifty View for next 60 Days
____________________________
Close : 5367.60
Nifty looks a bit uncomfortable above crucial resistance level of 5477.
If you remember, we predicted this level on 06-Jul-2010. Nifty tested exactly
this level in the month of July and started correcting. Current rally started
from 25-May from the bottom of 4786 and made new 52 week high of 5477
on 23-Jul-2010 consuming around 60 trading days.Untill Nifty do not close
below crucial support of 5350, we shall term it as on going rally, however,
on last day of Jul-2010 nifty fall below this level for a while and made low of
5349.20 , finally resting at 5367.60. It is but natural that once , vital resistance
level is achieved, selling pressure is must to emerge. Current slugishness may
pesist for a long if Nifty close below 5350. In both the cases , Support and
probable resistance levels would be as under.
A - If Nifty Close below 5350
Next Lower Levels to watch would be 5050-5050 and at lowest 4786.
B - If Nifty decisively survive above 5477 with volumes
Next upper levels can be 5702-5904 and at the top 6166 within
next 60 days..
S.Kotak
Posted on 30-July-2010
...
.....
30-July-2010
Nifty View for next 60 Days
____________________________
Close : 5367.60
Nifty looks a bit uncomfortable above crucial resistance level of 5477.
If you remember, we predicted this level on 06-Jul-2010. Nifty tested exactly
this level in the month of July and started correcting. Current rally started
from 25-May from the bottom of 4786 and made new 52 week high of 5477
on 23-Jul-2010 consuming around 60 trading days.Untill Nifty do not close
below crucial support of 5350, we shall term it as on going rally, however,
on last day of Jul-2010 nifty fall below this level for a while and made low of
5349.20 , finally resting at 5367.60. It is but natural that once , vital resistance
level is achieved, selling pressure is must to emerge. Current slugishness may
pesist for a long if Nifty close below 5350. In both the cases , Support and
probable resistance levels would be as under.
A - If Nifty Close below 5350
Next Lower Levels to watch would be 5050-5050 and at lowest 4786.
B - If Nifty decisively survive above 5477 with volumes
Next upper levels can be 5702-5904 and at the top 6166 within
next 60 days..
S.Kotak
Posted on 30-July-2010
...
बैंक की शुद्ध ब्याज आय में 34% बढ़त हुई है और ये 1,741 करोड़ रु पर पहुंच गयी है...
Watch the forecast and QA session with Harward Business School Authorities at ...
India in reality is bigger than her dreams
Udayan, I am surprised by your defensive comment on the state of the market
Indians have dared to dream and the consequence is that the reality has become bigger than her dreams._ An average Indian does not think owning a house, a car or travel abroad is stressful financially Indian rural flock is not different and is fast superseding the urban spirit.
Ignore the odd Marthwadas and Bastars. My message is if India grows at ten times the US growth rate and more than twice its own average, can Marthwadas be far behind?
When the developed world is reeling under joblessness, India is facing inadequacy of trained hands
Kindly appreciate the economy is growing at 9% and foreign agencies have more confidence in us than we seem to have
When our Goyt says 8% growth, IMF asserts it will be 9%+
Now, contrast it with the American and European scenario
There is peanut growth; America may do 1 % and Europe and U k may do; much less
Still their market are giving them around 15 PE
If 1% growth can justify the 15 PE how fair are we in assigning the almost same PE to India with a 9% growth. Companies recording over 25% growth are branded as underperformers .cynicism is wrongly understood as a virtue in India and it is credible that India has grown despite this disparagement.
Hold on, per capita consumption of everything Indian versus the America is one fifth, on an average. if each Indian decides to buy one more underwear, we do not have the capacity at Tiruppur
And if this were to happen on a wider scale what would be the impact on the GDP and the corporate profitability ; it will increase in geometric progression
While Indians are dreaming big and realizing their dreams it is the NSEs and BSEs which are affected by; the imported contagion
India is a great growth reality
Refresh; your thoughts; udayan
...
Ghee aur shakkar ke spelling ko lekar pareshaan na ho(n)!
Ghee aur shakkar ki combination sahi honi chaahiye! Bas!
Wish you tons of happiness!...
Aapki har manokamnaa puri ho,
Yahi hamaari praarthnaa hai!
Jay ho aapki aur aapki trading ki!...
going by the trend it appears to be 5250, but wishes to be at 5555....
Hey guys ! Do not be fooled with the euphoria / insanity in the market. According to the technical chart ( past 200 yrs ) " Double Dip recession " is imminent in all the Stock markets of the World. So do not be carried away. Be on CASH to ENCASH the Lifetime opportunity.
Market is going to touch 12,000 SENSEX and 3,800 NIFTY within a period of 06 month. Happy Investing !!...
dear alok
ofcourse 5250 as thet need shorts to fuel the drive. in last series also they have done like that
sks...
