Bottomed out?

Hi all,

As mentioned in the earlier post, Nifty took support near 8315-8300 mark and did not those levels any time. Today markets gapped up and trading now near 8440 mark.

Now the next hurdles are near 8450-8493-8515-8530

Can we call this a short term bottom?, well for that Nifty has to surpass the above resistances and sustain convincingly above 8500....

Cheers...

Bear's Day out...

Hi All,

After a Blood bath on Dalal Street for last couple of days, Nifty now trading near a daily support of 8315-8300.

8300 remains the last hope for bulls. If markets sustains below the same (Sensex corresponding level - 27500) a free fall to 8200-8100 can not be ruled out...

Bulls should pray for a close above 8353 by today for at least a small bounce.

A great opportunity for traders and investors as well to select quality stocks for Long term and trade based on the stock specific trend for short to mid term.

Cheers