Wednesday, July 9, 2008

Nifty Futures for July 10 - Santosh Gundecha

Pl refer my articles dated July 9 and July 7. I have stated in my July 9 article that a break of the range will give big move.

Today Nifty future had broken the range on the upper side. So now NF will move northward. But before going up, NF could retest the breakout level of 4100 again and may retrace up to 4075>4045.

However , if international markets and domestic political problems do not play spoilsport, NF can see the targets given in my Monday's report: 4180> 4230 >4330.

Morning Alert: Due to weak US market we may open gap down.

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