Monday, October 3, 2011

Nifty Target October 3, 2011

Hundreds of Occupy Wall Street protesters arrested, world fears and market looking further cue.
For the last one month, Nifty blindly following global cues and moving accordingly. For tomorrow I believe once again Nifty is ready to shed some points in the name of bad news from USA.

Technically Nifty is weak and may touch recent low again
  1. Nifty has made inside bar on daily chart
  2. Hundreds of Occupy Wall Street protesters arrested this may trigger chaos in world market at least for today
  3. If Nifty open above 4950 target would be 4970 > 4985 > 5005
  4. If Nifty open below 4945 target would be 4920 > 4900 > 4880

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