Tuesday, June 16, 2009

Soft Launch but Hard landing day…

Nifty took a breather today. It seesawed throughout the day forming a channel. By the end of the day, NIFTY landed very close to the "S" line. It looks like tomorrow; NIFTY might go for a soft start from just below 4500.By later half of the day (Say by 13.30 to 14.00 hrs), it might land at 4335 to 4340. Then you can expect NIFTY to go for a sharp pull back towards 4400 to 4415. This is the dynamics I expect. Please not that this is my personal view and in reality it may vary. For real time signals you may subscribe to www.ftalarms.com. Should you like to have a review of how the real time signals are provided, you may log into www.intraday30.blogspot.com during non market hours.

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES