Sunday, November 8, 2009

NIFTY Outlook week commencing 09 Nov 2009


The bears certainly had a good time. As expected, the index fell to the level we had projected and in fact, a bit further. A sharp bounce followed. Question now is - where next? If the bounce continues, we could well be looking at 4935 as an upside target. A further target of 5181.95 is not impossible. And if and when it gets there, watch out for the possibility of a double-top. Good luck!

No comments: