Tuesday, March 18, 2008

==>> Nifty good support at 4450

As i have mentioned that the Nifty has closed below the long term trendline and the shortest moving average cutting the long term moving average from up to down, can be fatal for our markets. one more thing i have mentioned that the Sensex had made fresh low as compared to the low which was made on 22nd Jan, and the Nifty will also come to test the low of 4450 that was made on 22nd Jan.
Yesterday Sensex tanked till 14738 and Nifty also followed the slide till 4482. Nifty will definately find good support at4450 till the time more bad news flow in our markets. Yesterday bank stocks and the Real sectors were worst affected, as mentioned earlier also, 'STAY FROM THE BANK AND REAL ESTATE STOCKS'. Investor should starting pouring money in our markets. Investors should invest their 15-20% of the portfolio at the current prices with the view of atleast 9-12 months.
Today markets will bounce back as the global markets are also in green or flat. Traders should buy Nifty with the SL of 4450 in spot Nifty..........

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