Friday, May 18, 2012

Freshness in Air

When we did not expect much from Nifty, it delivers. Today I was expecting Nifty to touch 4800 but not expecting at all that it may touch 4900 also. World market was mourning for expected Greece default and Europe was opened gap down and then moved southward. Still our brave nifty taking a clue from SBI result cross the hurdle of 4900 on last day of the week and ended green. Bravo...!!

I am sure many either would have missed today's rally in disbelief or tried to trade in opposite direction only to book loss. Are you one of them?

Nifty mama readers were well aware of the importance of 4820.

As per expectation Nifty was supposed to bounce from the trend line which also happen to be near about 200 WSMA. So technical bounce was very much due. What next?
I will publish all possibilities by Sunday evening, till then my expectation is 5080 (200 DSMA). Reveral sign still to be generated by Nifty.

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