Friday, August 8, 2008

nifty future daily report 08 august

once agian our view going in correct way..what we have expessed in weekly reprt- "I agree with Sainik that there is light ahead of the tunnel, but I would like to add some more. We have indeed some more tunnel ahead and it is possible that the light could go off any time" more .This bull rally has many resistances on the upper side between 4600 and 4800, so we will see strong rise one day and sudden fall and consolidation, the next day. The market looks good on the EOD charts, but on the weekly I anticipate some problems.http://bhoomitrader.blogspot.com/2008/08/nifty-future-weekly-for-august-4-8.html global clue suggests light dark off..today gapdown nfity future intrady bullish level above 4541 and bearish below 4525 lower side weeky level 4459> 4418 level is buing point for day.or short covering.from there for intraday purpose