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Monday, May 14, 2012

What Below 4940??

As long Nifty remains below 4940 there's nothing to cheer as it will continue to remain weak where on the downside it could see level of upto Support1@ 4888, S2@4867, S3@4771/4747


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  1. PiyushMay 15, 2012 at 8:57 AM

    Europe in free fall...US Resilient...thats the Indian market savior as of now...Probably Coz of FB IPO...but what lies post closure of the issue???

    Another technical glitch yesterday and nifty not traded for an hour. I think the frequency of these glitches are increasing. Rupee at new low vis-a vis dollar. But FII are still not net sellers ( i somehow get the feeling that major re-alignment of portfolios by these market movers is underway). My observations are that this 'correction' has not seen large cap decimation of value. Its the mid and small caps that are losing value at a faster pace ( more so for the speculative and trading names like GVK,KFA,SREI,hdils etc). For people who were left out in the last rally of Jan-Feb-March, market has presented another opportunity.Will June be start of another uptick?
    We all saw what happened to indices when lower targets were given by analysts on air. May be around 4750, markets should turn for the better. i am sure manish sir will provide us with a list of scrips and some range to get in..

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