Dow closed with -275 points last night and nikkei futures were around 15824, which means roughly 400 points fall since afternoon. I expect Sensex to correct today with atleast 400-500 points fall correction and a 100 point fall in Nifty straight away in first 10min-15min of opening trade in Nifty itself.
Nifty below 4190 will touch 4135, and below 4130 i expect it to touch 4100, 4100 is a good support which i dont expect to be broken, but since the pressure in fall can be huge, no wonder!
Goodbye Bulls!
Wednesday, August 29, 2007
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2007
(23)
-
▼
August
(11)
- 4400 is a resistance for Nifty; Reliance is strong!
- I expect Nifty to touch 4500 today itself! Read more.
- Expect a heavy correction today in Nifty!
- Market is poised for a good upside,Nifty can touch...
- Technical analysis and trading for Indian stock ma...
- Expect Nifty support at 4000.
- How to trade in Forex from India?
- Expect a rebound in Indian markets on monday!
- Nifty below 4100, expect more weakness!
- How did the correction started? What is subprime l...
- Expect further correction in Indian markets
-
▼
August
(11)



No comments:
Post a Comment