iCharts Discussions

shashangan

Nifty made a sharp pull back to close just marginally negative on Friday. The mkt looks very strong to break out from the previous all time spot high of 6185.

My target for Nifty is 6950-65 & if the bull run is very strong & continuously big it might head to 7745-50 around.

Lower side stops for Longs could be 5660 & 5390.

Sensex also looks like breaking higher than the previous all time high of 20498 to possibly target my levels 22625-40 & if a strong rally it might try around 24940-60 levels

Sensex stops could be below 18870

Anyway add me on your yahoo messenger to discuss further on chat. My id is <<REMOVED>> . I also give tips on metals & commodities.

Good luck
Gautham Shashangan
<<REMOVED>>

sushanta · White Belt Joined: 06 Jan 2008 Posts: 1

1. The bull run is continuing for past 2 weeks.
2. Indian market deferred its reaction on Benazir Bhutto. Whenever it gets an opportunity to correct, it will.
3. US market showing all symptoms of recession. Nikkei started the year with 4% drop. Nasdaq was down about 4.5%
4. My prediction, Nifty will shed about 3%-4% on 7th Jan.
5. I feel, Nifty can go to 5900 this coming week end, provided Infy does not show any wonder.

Sushanta Bala

shashangan · Posted: Mon Jan 07, 2008 11:50 pm Post subject: Good comment

Mkt did try some selling, but couldn't sustain, it still has managed to close positive though marginally. It looks still strong to me. The major reversal will be below 5675 anyway if in case it corrects according to spot Nifty.

This bull run can continue & run through feb i think if i am not wrong.