On monday for sure key level of 5235 for 16th april 2009 will be broken
nifty bounced back twice from those level to the new higher highs then bounce back to lower levels for sure nifty would open gap down below 5235
now the level to watch for comming week and monday is 5170 suppose nifty break or comes near level 5170 and bounce back then bull will still have an upper hand / strenght in the market if in any case nifty manage to close below 5170 on monday as well as tuesday the bear party will conti... they will rock the show
close below 5170 ... will be breakdown on nifty as said before also
which can wipe out 200-300 points in nifty (4900 or lower levels possible)
nifty bounced back twice from those level to the new higher highs then bounce back to lower levels for sure nifty would open gap down below 5235
now the level to watch for comming week and monday is 5170 suppose nifty break or comes near level 5170 and bounce back then bull will still have an upper hand / strenght in the market if in any case nifty manage to close below 5170 on monday as well as tuesday the bear party will conti... they will rock the show
close below 5170 ... will be breakdown on nifty as said before also
which can wipe out 200-300 points in nifty (4900 or lower levels possible)
Firts prediction came true.
I hope second prediction does not come true & we see bounce back from here.....
Regards,
Rahul