Sunday, July 12, 2009

NIFTY Outlook for 13th July 2009

A bounce did not take place on Friday after all. As things stand now, the 360 degree line target is very much alive. The "scheduled" arrival is on the 14th of July. If it does get there on that day, there's a very good chance of a recovery on that day as well. NIFTY's behaviour on the 14th July will be very interesting to observe.

Projected High: 4,066.93 (63.03 points)
Projected Low: 3,913.77 (90.13 points)

Bullish above: 4,024
Bearish below: 3,982

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