Sunday, July 24, 2011

Disgusting nifty




Up to this I was confused, about the market. Bazaar is trading with negative view technically falling\descending trend line if we join the tops. Don’t have to know that much, it’s easy to see upside breakout failure. Till that breakout it will go up and come down again and again. I personally think bazaar is worried about, what RIB will do next week. Keep an eye on Greek and Italian news. China is slowing down, and that’s an advantage for India. At this moment Nifty 200DMA > 100DMA > 50DMA, that is typical bear market scenario. If you want to be bullish for any reason, wait for nifty to cross 200DMA by 3% and stay up for at least 3 days. But market should be volatile this week.


For nifty and other stock levels see