Tuesday, May 25, 2010

NIFTY : hits target 4833,,even breaches important support

From around april 17th,,i have kept mentioning that, with compared to prior three mahor sell-offs, in past almost one year,,this coming fall looks to be DIFFERENT.
My nifty target was 4833..it was decisively breached today on the closing basis,,and each passing day and with each new down move,, downside participation is increasing.
the BUY AT DIPS syndrome is converting itself into SELL AT EVERY RISE.
PRE BUDGET low 4676 is now MOST IMPORTANT LEVEL TO WATCH.

No comments: