Nifty Weekly Analysis and Prediction outlook for week starting 11 Jan 2010
Nifty is expected to take decisive turn next week ,either upwards or downwards
my gut feeling is that the turn will be downwards
I am expecting range of 5115-5370 in January as best case.
Why ?
World Markets were making new high’s this week
We Were unable to cross 5300
Major TV Channels are saying 5500 is possible
5300 is appearing as big obstacle
5000 is acting as big support
many analysts are telling that 5150 is stop loss for bulls
So 5150 will be definitely breached
and 5500 is most unlikely to reach
So We are struck midway
My stop loss for Long term Bulls : 4793 which is very Far
Till then buy every Sharp Dip Below 5150
Expect 5500 in February
Kind Comments