ALL TRENDS ARE UP. FOR ANY UP MOVE NIFTY HAS TO CROSS AND SUSTAIN ABOVE THE LAST RESISTANCE RANGE OF 4685-4715 BUT FORCE HAS BEEN SLOWED DOWN FOR THE LAST 3 TRADING SESSIONS AND INTRADAY CHARTS OF LAST 2 DAYS ARE ALSO SHOWING SELLING PATTERNS THEREFORE SHORT TERM CORRECTION IS EXPECTED. AS INTRADAY CHARTS SHOWED SELLING PATTERNS THEREFORE WE ARE SHORT AT PRESENT AND PROOF IS FOLLOWING PICTURE OF SMS.
NIFTY SHORTED AT 4700 ON 27-08-2009;-
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INDIAN MARKETS WILL OPEN WEAK AND IF NIFTY SUSTAINS BELOW 4630 AFTER LAST 2 DAYS SELLING AT HIGHER LEVELS THEN MORE WEAKNESS AND RED CLOSING WILL BE SEEN TODAY.
(LALIT KUMAR DHINGRA)
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