Monday, July 13, 2009

Highly Volatile day ahead?

I see two possibilities for 14 Jul 09.

 

1. Soft open, sideways for a couple of hours and go up to near 4050 and turn down.

2. A fall to around 3870-50 and a sharp recovery which may take NIFTY to 4185 (Not in a single day of course) .

 

Major downward trend is still intact as I had mentioned in my weekly report. It has long way to go down.

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