NIFTY TRENDS

Wednesday, January 21, 2009

NIFTY UPDATE SHORT TERM



As We have mentioned is our last post that Bull will take charge only if we cross 2940.
But bad luck for bulls that we have not moved on higher end and market remains to be in the range and bears zones from last some days .

People were expecting some overnight turn around by newly elected president of US that made market 50:50 game for both bulls and bears and brought intra day pull back .Expiry also near just 7 days so we may see volatile trade .But any close below 2660 will be brutal for bulls and will shatter all hope of pull back for bulls .So message is clear.

BULLS :: PROTECT 2660 AREA YOU WANT PULL BACK TO 2840
BEARS :: BREAK 2660 AREA IF YOU CAN FOR GREATER REWARD .

HAVE A GREAT PROFITABLE DAY AHEAD


REGARDS
NIFTY TREND TEAM

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