Monday, February 6, 2012

Market Direction

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The bearish view still holds good outside the channel. We are forming an expanding triangle.

Nifty will complete this WW on 9th Feb around 5450 / 5500


Bank nifty completed its WW at 10040 - can head higher to 10500-800


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2 comments:

  1. DeepakFebruary 6, 2012 at 3:50 PM

    Everyone has been talking about very strong momentum and so many stocks are still being recommended as a buy. Also, everything seems to be hunky dory around the world and only good news are coming in from everywhere. So, in this light, what is your conviction regarding Nifty correction. Would you buy Puts for now?

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    Replies
    1. UnknownFebruary 6, 2012 at 6:12 PM

      Already mentioned 5450 - 5500 i dont see upside beyond this level.

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