Wednesday, January 18, 2012

Bulls are back !! is it true??

I tried to look Nifty at bigger frame, and found that, Nifty may repeat what it has done in March 2010 when everybody was expecting to get a quick down and bears were full of mouth watering oversold in almost every indicator but Bulls were the winners defying all odds.
  1. 4947 should act as a major support now
  2. Upper limit for current bull run might be between 5080 to 5110
  3. Keep in mind Bulls are very strong this time as it has started it's march past after much consolidation
  4. I am not bullish for short term, as this time Nifty is in down trend and RBI policy may trigger the down fall next week
  5. Best time for long term investor is only after March 2011 when election in UP will be over and budget will be on the floor

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