Monday, August 16, 2010

What may happen this week

Dow : surprise bullish rally above 10330
Nikkei : forming a bottom , but staying above  8900 is must.
Sensex  & Nifty : expect major upmove above 18600 & 5500 respectively  ( nifty should stay above 5350 , otherwise a big down leg could be possible.)
Gold comex : 1225 is a resistance : retest of earlier high or 1250-1260 is now possible above 1225. 
Silver comex : bullish retest of 19.5$- 20$ possible.

17AUG2010