Supports: 4777-4740 holds the key, though market is looking weak and generating no reversal signal at all,
still these 2 levels are technically crucial and wish to book some profits around these levels. below that levels some serious trouble for medium can set in which can bring nifty towards 4650-4450 (conservative levels). Further discussion will unfold after breaking of those supports.
Resistances: 4845 is immediate resistance. Above that 4872-4920/30 is hardest hurdle to cross. Any up move towards those levels will be shorted heavily.
...and friends.. we have picked the top convincingly @ 5165/72 (high made 5168), where told to book chunk of investments.. and we are down almost 500 points.. cant we make a cheers!!! :) :P
Cheerssssssssssssssssssssssss
ReplyDeleteNICE KEEPITUP
Impressive ... Will boost sentiment of shorters ... But seriously , market needs to go till 4150 type levels for forming a strong base fr the next bull run ...
ReplyDeleteyes.....CHEERS
ReplyDeleteregards
krish
thanks 2 all for ur enthusiastic comments..
ReplyDelete@Alnesh,
I dont wanna make any awe inspiring comments for bears rather want to make the understanding of the price clear for myself and my readers. And as far as the bull market is concerned, i strongly believe that we are in a bull market, and will be so as long as 3900-3600 holds. So all big dips will be scope to reshuffle our portfolio as we are able to pick the tops. Regards.
Sir thank you .. thank you so much for your views... and cheeeers also.
ReplyDeleteSir, i completely agree with u that we are in a long long term bull market...but we cant fight the tide and a healthy pullback was overdue which is finally taking place now...for someone like me who buys 5 to 7 k nifty at a single go , this has been a merry time...so enjoy while it lasts at the same time keep adding value based stocks for the coming year ....cheers !! keep it up
ReplyDelete