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nifty will it touch 4311-4316 today?

 
This forum is locked: you cannot post, reply to, or edit topics.   This topic is locked: you cannot edit posts or make replies.    iCharts Discussions Forum Index -> Muthu Veerappan (iCharts User: veerappan)
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Author nifty will it touch 4311-4316 today?
veerappan
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Post: #1   PostPosted: Fri Aug 21, 2009 6:29 am    Post subject: nifty will it touch 4311-4316 today? Reply with quote

hi,
nifty will it touch today 4316-4311 range? because its higher levels its not able to sustain... and last three four days down side is 4340 only... today may be a chance.. they will try to break this levels... may be a chance to hit 4316-4311.... but as per my view if any closing below 4248 only the bear trend in a big way will start and slowly it will melt... in september 09 second week i am expecting 15% in a single day [ will it happend].... this my view of nifty...sit with cash ... dont carry any posn on long side... we will get the best stocks in cheap rates in coming days... let us c....

veeru,
chennai boy. Very Happy
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r.dibya
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Joined: 26 Jun 2008
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Post: #2   PostPosted: Fri Aug 21, 2009 6:41 am    Post subject: Reply with quote

u know 4350-80 is a double bottom that means it is a good support. as per as my knowleadge nifty cann't cross this level till expire. if nifty will close above this level then expire will be 4600-50 level.

china index 's strong support near 2780 ,commodities index is in near strong support ,dollar is near strong resitance level.

that means nifty wouldn't fall in this time. it has to be touch 4700 -50 level then will be go down to 3900/3600 after 4500 level.
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sivavadivel_sap1973
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Post: #3   PostPosted: Sun Aug 23, 2009 12:03 pm    Post subject: Reply with quote

My dear Veeru Sir,

Nifty has got a strong support @ 4350, if it breaks next rock solid support @ 4150 for down side, upper side resistance 4650 , next 4725 , if it breaks Happy 5000 historical mark we may see.
we don't think in down side now b'cos DowJones last week closed above 9500 (9505), a small resistance in 9600, if it beaks then 9900. so now first bulls ,
this is my conclusion

Sivavadivel
Chennai
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