Thursday, January 1, 2009

POSITIVE START

After doing nothing for most part of the day nifty suddenly turned crossedthe previous highs and moved towards it target of 3045.....watch 3080 zone for resistance to this upmove..The range in the coming weeks could expand as 2850-3100 range now is being tested at the top..warm wishes to all...enjoy the day....

YEAR AHEAD FOR US.

Ater closing near 50% levels or december 2007 , markets are poised to make a move in the coming few days as key players move back to their desks after the holidays..The key will be Fresh money injection by smart money if they have the conviction that governments are doing the right things to boost their economies etc..and results not very disappointing..Failure of this can again slide th markets to test lower levels or lows made in october in the coming few weeks..3240 is a very important level to watch...Trade carefully and indirection . WARM WISHES FOR ALL ..RAJAN BHATIA.