Monday, October 6, 2008

SUPPORT AROUND 3650

Nifty moved from 920, may 03 to 6357, jan'08..50 % retracement is 3644 area..markets came and stopped here..Despite holding out 3774 for 3 months , this level finally held. today was a capitulation day when specially the index shares tumbled and margin calls also played out. Hold on to your guns ..dont panic..and sell your stocks..stay in the sideslines..A bounce will come..these are great price levels and brave hearts can do some blue chip share picking..cheers.

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