INDIAN MARKETS ARE NOT HIGHER LEVELS AND NIFTY INTRADAY CHARTS ARE SHOWING GOOD SELLING FORMATIONS ABOVE 5000 THEREFORE IT IS EXPECTED THAT NIFTY SHOULD TEST 4800 IN THE COMING WEEK. IT IS ALSO POSSIBLE THAT NIFTY MAY BREAK DOWN 4800 WITHIN ONE MONTH.
AS INFOSYS QUATERLY RESULTS WILL BE DECLARED TODAY THEREFORE INDIAN MARKETS MAY MOVE ACCORDING TO THAT ALSO BUT MY VIEW IS BEARISH IN THE SHORT TERM.
(LALIT KUMAR DHINGRA)
Friday, October 9, 2009
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