Re: Stocks To Keep A Close Eye On - Chapter II
I would personally recommend everyone Not to go LONG on the market until the market closes above the 49420-4940 Levels. In the past week it has toouched that level multiple times but has failed to keep up and crumbled to the selling pressure at that level. 02-02-2010 is a perfect example...
People who are going Long... Please be Cautious
Thanks and Good Luck
Yes, Chaitanya..
on 25th of Jan nifty hit a low of
4983
27th of Jan nifty hit a low of
4833
29th of Jan nifty hit a low of
4766
1st Feb nifty made a low of
4827
2nd Feb nifty made a low of
4830
Whereas the 150 DMA of nifty hangs around
4830, what i feel is that till now what we have witnessed is not the actions of bear market, but when nifty breaks and close below 4830 for two days in a row, then the real bear market is to start.
Regards
Saivenkat.