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NIFTY SHOW

NF opened on a flattish note,in its intraday journey it managed to close with marginal gains.On the daily chart nifty has closed just below the resistance of 5256,showing slight signs of optimism.The market sentiment remains more volatile ,any bad news is enough to drag it to the lower levels.News on fuel prices ,crude oil are likely to be major concer for the markets in coming days.Big march event the "Budget"is on its days to come.

Comments

  1. Nayak Ajit Srinivas7 March 2012 at 23:51

    very simple analysis on nifty close below 5170 then next tgt would be 5080 or else it will test 5386 which will be good shorting opportunity , nifty clearly in sell zone . sell on rise would be better.my analysis sayas nifty may test 5350-5380

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DOJI

Nifty witnessed an absolutely sedate session,the bias looked positive but lacked momentum . The broader market was negative with 665 advances to 808 advances.The rally seemed to take a halt for a day before continuing further.i feel that the rally would take the markets to 5470-5500 before correction.since we are lacing fundamentally the longevity of this rally cannot be counted on.                                                                                                       On the hourly charts we are making higher highs and higher lows keeping the momentum intact,still as advocated a burst of 40-60 points on the nifty is still pending before correction ,i feel this might come tomorrow.Hence adding nothing more to i...
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