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Wednesday, July 8, 2009

Today's Market Rally is it bull run or bear trend

I did like to put some light on Today's Market Rally is it bull run or
bear trend; of nifty feature.
if this is a bull run , then market rallys 40% and corrects 15%. ie
from 3340 to 4675. and the correction can finish around 4048/ 3992
levels. this nifty from these levels will definately bounce to 4224 /
4324. there is where one should check on closing basis... tht will
nifty continue its bull run or was it just a bear rally.... because if
nifty is in a bear rally then it wnt hold the supports of 3992. At the
end be patient and wait, because comming up next are Q1 results, Exim
Policy and Credit Policy. Another probable trigger could be the IIP
numbers to be presented on 10th July.

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