As feared a few days back ,
markets went down like a falling knife below 20k on the sensex & 6k on the nifty.
Technical support of nifty @ 5700 has been held as of today.
Last minutes short covering helped Nifty to stay alive. It shud remain above this crucial level.
This correction ( or crash) has given a lot of pain to a lot of innocent investors.
Nifty "mildly" bullish only above 5830. ( cmp 5755).
Last minutes short covering helped Nifty to stay alive. It shud remain above this crucial level.
This correction ( or crash) has given a lot of pain to a lot of innocent investors.
Nifty "mildly" bullish only above 5830. ( cmp 5755).
No point in panic
selling now.
Expected an "act of God" few days ago,
click here for that post
it culminated into bloodbath by bears across all asett classes.
Now, it may face resistance @ 81.80
on the USD Index.
cmp 80.88.
11/1/11
