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Re: Nifty for week of 9-13 Feb
Well it does look bad enough, but to what extent I cannot say, for me this is false breakout right now, as US senate has planned to give 800Bn to its economy, maybe not that easily as should be, but then its good, they want control over their money, either DOW will rebound late, or after hours it will be up, but still Nifty will open gap down 30-40 points.
PS: PLZ NOTE TO KILL THE BULLS, YOU COULD SEE LITTLE OR NO LOSS TOMORROW, AND BREAKDOWN ON THURSDAY
At 11:20 PM Dow Jones down 300 point, NASDAQ down 50 points.
Also in Europian market FTSE were down 94.53 points, CAC down 114.12, DAX down 161.28.
Asian Market were also weak today except Hang Seng, Sanghai,Taiwan.
Also Nifty is facing resistance from its 56 day EMA @ 2927-2936.Today closed exactly at the resistance level.
Considering all the figures of global market and gain in Nifty about 15 points and gain in Sensex about 64 points today we can expect a decline tomorrow and nothing else.
Nifty first crucial support comes at 2885 and then 2830 in downside.
Market can move up to some extent if and only if the FII will be buyers tomorrow otherwise we will see bear upto 2850 very soon.
Aiyaz
Also in Europian market FTSE were down 94.53 points, CAC down 114.12, DAX down 161.28.
Asian Market were also weak today except Hang Seng, Sanghai,Taiwan.
Also Nifty is facing resistance from its 56 day EMA @ 2927-2936.Today closed exactly at the resistance level.
Considering all the figures of global market and gain in Nifty about 15 points and gain in Sensex about 64 points today we can expect a decline tomorrow and nothing else.
Nifty first crucial support comes at 2885 and then 2830 in downside.
Market can move up to some extent if and only if the FII will be buyers tomorrow otherwise we will see bear upto 2850 very soon.
Aiyaz
Well it does look bad enough, but to what extent I cannot say, for me this is false breakout right now, as US senate has planned to give 800Bn to its economy, maybe not that easily as should be, but then its good, they want control over their money, either DOW will rebound late, or after hours it will be up, but still Nifty will open gap down 30-40 points.
PS: PLZ NOTE TO KILL THE BULLS, YOU COULD SEE LITTLE OR NO LOSS TOMORROW, AND BREAKDOWN ON THURSDAY
