Friday, August 8, 2008

Nifty Update for August 8 - Rakesh Chandra

Once again, Nifty does as I had anticipated. I had said, "I agree with Sainik that there is light ahead of the tunnel, but I would like to add some more. We have indeed some more tunnel ahead and it is possible that the light could go off any time."

Global cues suggests light has been turned off and today we will see a gap-down opening.
Nifty future is bullish above 4541 and bearish below 4525. On the lower side, 4459> 4418 is a buying point, or a point for shorts to cover.

Posted by Unknown at 9:27 AM

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3 Comments:

Stock Minning said...

4541 and 4525 are the terms bearish and bullish stuck in a matter of 15 - 20 nifty points. Seems like a little confusing point. What is the trend as i always see everywhere trend fallowing. Just by making a interception of 15 - 20 pts are we fallowing the trend. I dought. Correct me if i am wrong .

August 9, 2008 at 1:17 PM  
Unknown said...

dear clint..ur query r always welcome. between intraday bullish and bearsh level..no strong trend forms..price stay between these two channel..since price cant stay more between two pipe..above or below trends forsm..hopes u got ur answer

August 11, 2008 at 6:21 PM  
Stock Minning said...

dear rakesh. after your post nifty opened above 4600. Where is the channel. And does trend change daily.

August 13, 2008 at 7:33 AM  

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