Hi friends,
The Nifty is likely to form a short term bottom between 4400-4580. This is based on the length of the pullback wave on the daily chart. Short term investors can look to buy at those levels for a Santa Clause rally.
Happy Trading!!
Savio
November 2011
Written By: Savio Rodrigues on November 20, 2011
No Comment
HI friends,
While the retracement in the Dow and European markets has been more or less in line with expectations the retracement in the Indian market has been a bit severe and has raised a doubt on the double bottom formation made in September. While the Dow and European markets retrace a bit more in the [...]
Written By: Savio Rodrigues on November 13, 2011
No Comment
Hi friends,
Back after a short break. As has been my earlier view, US and European equity markets continue to be in a bear market rally. The rally will have its share of retracements but slowly and steadily investors are getting back to stocks. Long only funds have also started buying. This is exactly what the [...]
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