Thursday, April 5, 2007

nifty 05.04.07

as we are still buliish on nifty but only rumors keep me on thinking on lower side as on 14th april infosys results are awaited and friday close also .today graph is at confusing level for me also as market is not showing any direction but tring to find out the way after a long time thinking on every technical aspect our conclusion is that again 3750 is key factor nifty can open with the gap of 25-35 points gap suddenly it can cool off after that it will again try to test 3750 levels if it crosses then 3795-3830 levels we can see by tomorrow . support exits on 3690 a good support we can say .today i observed a selling at higer levels but not too much this not a matter of worry as some one bought at lower level ovious they ll sell.so 3750 again key .

second aspect- as nifty closes today at 3733 if open with 25 gap then it ll 3758 there is one chance of major bounce back if it sustains till 10.45 we can see across the board buying. and this ll zooms nifty upto 3795-3825 in starting only this my own view.

note- this is technical view if any bad news rumors comes then it cant work .keep in mind as now a days market is so sensetive and aggresively respond to any rumours . b cautios and happy trading.

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