LAST WEEK MARKET CAME UP TO OUR BUY LEVEL ONLY AND GO 4927 AND THEN CAME DOWN TO 4797 LEVELS AND CLOSED AROUND 4845 WHICH IS ABOVE OUR STOPLOSS LEVEL. SO IT INDICATES NIFTY TO CONTROL THE BULL PHASE.
ON THIS WEEK 22/02/2010 - 26/02/2010
I THINK FIRST TWO DAYS ARE CHOPPY AND VOLATAIL ONE AFTER THAT MARKET
GOES UPWARDS.
GOES UPWARDS.
IF NIFTY CAME UP SIDE ABOVE 4928 THEN OTHER HURDLES ARE AT 4962, 4987, AND 5003.
IF NIFTY BELOW THE 4816 LEVELS THEN IT GOES DOWN SIDE OTHER SUPPORTS ARE AT 4729, 4687, AND 4654.
THE TURNING POINT IS THE 4858 ABOVE THIS LEVEL IS BUY BELOW THIS LEVEL IS SELL.
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