Friday, August 19, 2011

nifty update

on august 2nd i had posted that index should move to 4800. it has hot 4796, in a matter of 10 sessions i suppose.

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3 comments:

  1. ivanhoeAugust 19, 2011 at 7:22 PM

    hi Vipul,

    so whats the lowest in the sensex or nifty can we go..like near the 2008 levels? thankx in advance.i have admired your input at yelnick and at dg's blog...keep it up

    ReplyDelete
  2. vipulAugust 21, 2011 at 1:37 PM

    thanks ivan,
    2008 levels are very unlikely.almost not likely.
    a large no of trend followers of a longer term , will have stop losses at 15300-15600. so ideally this should be violated in the minimum.
    14500-14000 is a base difficult to breach and 12500 is extreme case.
    below is simply economy threatning and destablising zone.

    ReplyDelete
  3. ivanhoeAugust 22, 2011 at 1:58 PM

    thankx again

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