Nifty @ 6180 not crossed and inflation fig came since then one fever infected all investors mind where we are going . This fever was at its peak from 7th jan to 12 th jan where fall seem have no stopping .Adding fuel to fire TV analyst litterly robbed all retail invetors creating panic that we are going for 5400 ,4800 Bla Bla !!!!
Lets analyse Fii figures
Category Date Buy Value Sell Value Net Value Nifty bees close
FII 19-Jan-2011 3167.71 3438.09 -270.38
FII 18-Jan-2011 2699.71 2627.17 72.54 581.39
FII 17-Jan-2011 2569.50 2742.50 -173.00 573.52
FII 14-Jan-2011 2020.72 2769.32 -748.60 575.51
FII 13-Jan-2011 3370.21 3619.98 -249.77 584.28
FII 12-Jan-2011 3366.80 3738.30 -371.50 594.89
FII 11-Jan-2011 2726.62 3889.19 -1162.57 578.69
FII 10-Jan-2011 2633.69 3772.47 -1138.78 585.01
FII 07-Jan-2011 2397.19 3437.93 -1040.74 598.97
FII 06-Jan-2011 3274.86 3660.49 -385.63 607.46
FII 05-Jan-2011 3245.55 3485.85 -240.30 614.67
FII 04-Jan-2011 3381.89 2664.13 717.76 617.75
FII 03-Jan-2011 1516.59 1175.62 340.97 621.66
Big fund houses and Big Market gurus started calling investors back to U.S.
US, Europe Better Bets as Inflation Hits: Marc Faber
Source :http://www.cnbc.com/id/41151067
Goldman Sachs warns against investing in India, China
Source : http://economictimes.indiatimes.com/news/economy/finance/goldman-sachs-warns-against-investing-in-india-china/articleshow/7313455.cms
Do you think that we are in so Bad shape that money will outflow from India ? Comments Welcomed!!!
We technically think that we have discounted many Bad news and consolidating for next move .
We are showing point and fig charts this is same type of analysis that we have done @3700 again @ 5300 .
Charts shows that we are holding and consolidating .
Bulls need to move up and break 5800 . Two close above 5800 we make rocket move till 6100. with good support near 5650 -5550 zone . Any new Bear in this range will be butched badly .
Regards
Niftytrends Team
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