There is no change from the previous post. Market continues to be bullish. We may witness some profit booking in the morning session today, but all dips can be used to buy now. I am expecting market to test the recent high near 4620-4640 levels. Crude has come down well which is a big positive for the market. Inflation numbers are expected today, which if lower than last week will be another positive. The biggest threat as of now is the nuclear deal....no one can predict what will happen here. I wish this 123 agreement terms n conditions were made public so people can read and understand it for themselves if the deal is good or if we are being fooled...
Thursday, September 4, 2008
Tuesday, September 2, 2008
Reversal of sorts...Sep 02, 2008
From a weak market...suddenly September seems to be brightening and strong. Market is looking bullish to say the least. Possible upmove now. Watch the charts for details. On daily charts see the stochastics indicator turning upwards now..on the 5 min future charts we see increasing volumes also. All pointing to bullishness. Lets see how this span...we can play the long side for sometime now. Maybe until 4600.
Monday, September 1, 2008
NIFTY view Sep 01, 2008
On friday, NIFTY went up with good volumes and also closed above a key level of 4335. It looks like market might be reversing here and taking a move up. But again, we will have to wait for confirmation here. Today we might get a confirmation, till then lets wait n watch.
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