Due to some technical problem, i was not able to write on the blog for past 4-5 days.
In the last few days our markets really had a good roller coaster ride. Nifty closed below 3850 but took support between 3725-3850 and bounced back yesterday to close at 3947. In the chart we can clearly see that the nifty is facing resistance at the trendline. Breakout above the same will take the Nifty above 4100 levels. Inflation is rising but at a slower rate, as major commodity prices are cooling off. As mentioned in my last blogs that the Crude prices will see some correction and it will fall to 130 levels. now its trading around 129$ per barrel. On Tuesday 080708 i have mentioned that "We wont see major correction from here onwards". Till now i have been proved right. Be are Dare Devil and buy and hold. Its a right time for investment.
In the last few days our markets really had a good roller coaster ride. Nifty closed below 3850 but took support between 3725-3850 and bounced back yesterday to close at 3947. In the chart we can clearly see that the nifty is facing resistance at the trendline. Breakout above the same will take the Nifty above 4100 levels. Inflation is rising but at a slower rate, as major commodity prices are cooling off. As mentioned in my last blogs that the Crude prices will see some correction and it will fall to 130 levels. now its trading around 129$ per barrel. On Tuesday 080708 i have mentioned that "We wont see major correction from here onwards". Till now i have been proved right. Be are Dare Devil and buy and hold. Its a right time for investment.
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