Wednesday, August 29, 2007

Expect a heavy correction today in Nifty!

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!

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