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nifty in support line |
ajitg76
White Belt
Joined: 08 Dec 2009
Posts: 21
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Post: #1  Posted: Fri Nov 19, 2010 6:48 pm Post subject: nifty in support line |
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For our market if NIFTY index is able to cross 6357 and sustains above 6300 for one week then we expect 6700 in next couple of months. On down side 5800 is a strong support zone and those who missed the rally or exited from the rally early can treat this as an opportunity to enter into the market with a fresh long term mindset.
European markets have already given a breakout but were waiting for the signal from US markets to enjoy the bull party. For last two weeks Dow Jones struggled hard to cross the hurdle at 11250. Now just keep an eye on this level. If Dow Jones is able to hold above this level for a week then expect another sharp rally across the globe. thanks mr.chetan patil who shared his useful knowledge to us.[/b]
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svgopala
White Belt
Joined: 27 Jun 2009
Posts: 25
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| Post: #2 Posted: Sat Nov 20, 2010 3:12 am Post subject: |
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hi,
I feel india story is always a separate story and is decoupled with the world mkts.
hence no question of making new highs
funds flooowing back
requests experts to see in this angle and respond
regards
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svgopala
White Belt
Joined: 27 Jun 2009
Posts: 25
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| Post: #3 Posted: Sat Nov 20, 2010 6:53 am Post subject: |
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sorry,
want to be more clear
funds flowing back to USA
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tgkshankar
White Belt
Joined: 20 Feb 2009
Posts: 12
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| Post: #4 Posted: Sat Nov 20, 2010 3:04 pm Post subject: NIFTY IN SUPPORTLINE |
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Dear Mr.S.V.Gopal,
Thanks for your posting. But you have to check the NF EOD DATA also where 13ema broken the 20ema which conforms NF will be below 50EMA only. Also all the indicators broken and NF will not get Buy support @ 38.2 RET. So, it has to come to below 23.6 level to get BUY SUPPORT ie., 5600.
Please be careful and don't loose your money in the market.
Kind Regards,
TGK.Shankar
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tgkshankar
White Belt
Joined: 20 Feb 2009
Posts: 12
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| Post: #5 Posted: Sat Nov 20, 2010 3:06 pm Post subject: NIFTY STILL IN SUPPORT |
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Sorry,
It is Mr.Ajit not Mr.Gopal's posting
Kind Regards,
TGK
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guptachetan
White Belt
Joined: 06 Mar 2010
Posts: 7
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| Post: #6 Posted: Sat Nov 20, 2010 7:21 pm Post subject: |
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| new high by budget 2011 will be there .. nifty in buy mode now 5800-5900 range
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ajitg76
White Belt
Joined: 08 Dec 2009
Posts: 21
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| Post: #7 Posted: Sat Nov 20, 2010 8:09 pm Post subject: next rally will start |
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| dear we r in bull run.this is a correction in bull mkt.bear mkt not yet start.now 5800 is a good support for long tgt 6700[/b]
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #8 Posted: Wed Nov 24, 2010 4:29 pm Post subject: |
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Dear Ajit,
It has once again taken support
Rgds,
JJM
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