Sunday, August 9, 2009

NIFTY Outlook for 10th August 2009


On Friday, NIFTY fell fairly significantly. Western markets did not follow suit and instead put on a rise. However, I have a feeling of unease about the markets now. We're either going to go ripping upwards and not look back for a while or we could head down towards the centre of the earth! Okay, being a bit dramatic there! But there's no denying there's something creepy about the markets at this point. Let's see what Monday and the rest of the week brings.

Projected High: 4,536.6494 (55.2495 points)
Projected Low: 4,408.6997 (72.7002 points)

Bullish above 4,505
Bearish below 4,456

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