Friday, September 2, 2011

Wanted Dabangg Bodyguard

Today we Wanted Dabangg Bodyguard to save Nifty from downfall, as US closed negative and Europe only turn mild positive because US opened higher. However as day progress bulls denied moving ahead because of the following reasons...

  1. Global cues has turn negative today
  2. US is down in speculation of bad report about US jobs data
  3. Treasuries climb before August payrolls report
  4. Bull may want to stay below 5000 level before surging ahead for higher level
Nifty may move down below 5000, and may find strong support at 4950

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