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Market Compass 06.08.2008 |
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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Post: #1  Posted: Wed Aug 06, 2008 8:18 am Post subject: Market Compass 06.08.2008 |
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Nifty Futures on 05.08.2008 had blasted on upside to around 4540 when bears are expecting a fall in market. First time NF has closed above 20% from the intermittant bottom it made on 16.07.2008. I continue to maintain bullishness in market and Nifty Futures on 06.08.2008 should see the high of around 4610 and low of around 4460.
Nifty Futures Range for 06.08.2008 : 4610 - 4460
In Individual Stocks, I would like to go for swing long in Bharti Airtel / DLF / Unitech and my SL will be the lowest low of last two weeks.
In Nifty futures real time chart, I observe the divergence in MACD histogram with price and that could trigger a correction on downside but it will be short lived.
Best Wishes
C T RAMESH RAJA |
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tangotaurian
White Belt
Joined: 18 Oct 2007
Posts: 30
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| Post: #2 Posted: Wed Aug 06, 2008 9:53 am Post subject: |
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| Thnx a lot RR sir for your valuable view…will closely watch for these levels |
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