There has been a lot of requests / thoughts and comments about where Nifty could go. Some feel that the fundamentals are still bad and doesn’t justify recent rally. Oil is not boil and this does well for India.
Ouch! We’re supposed to be technical analyst / traders.
Why market is not going down, with big news come in last trading session , about downgrade by s&p. All you can see one interesting move of crude yesterday brent crude was 102 $ and after the declaration by s&p crude touch 8 months low today. What its mean ?? its means that market will not fall and one more think i want to share that today IIP numbers will also come above 0.00 .
And the fall in crude will help the market to stay upside as per my think market will touch in 5170 to 5290 in coming up days. Don't think that in market their are many bad news but for India only one big news is working that crude is down.
Just also remain that when the sensex was 20873(closing) on 08-01-2008 that time brent crude was 97$ and also when its break after two years new high 5-11-2010 was 20893 and the brent crude was 87$. And now brent crude is on 97$ so market while touch the new high or stay stable in coming up days.
!!!!SO BUY IN PANIC AND BE BENEFITED!!!!
No comments:
Post a Comment