NIFTY CLOSED AT 3818 WHICH IS STRONG SUPPORT OUR PAST POSITIONAL NIFTY (DATE 29/9/2008). NIFTY HAVE NOT BROKEN IT STILL. 3800 LEVEL IS IMPORTANT FOR THIS WEEK. BREAK OF 3800 WILL TAKE NIFTY TO 3680 LEVEL. AFTER BREAK 3796 LEVEL, MAY SEE HEAVY SELLING. CURRENTLY NIFTY TRENDS DOWN SO, SHORT SIDE CONSERVING AND BELOW 4200 IS BEARISH SIGN.
IF SENSEX BREAK 12200 LEVELS, TARGET AROUND 11000 LEVEL.
Monday, October 6, 2008
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