Monday, January 12, 2009

HAS THE DOWNTREND STARTED????

Market did held on to support of NS 2800 but has made a signature by breaking the low of NS 2812 by 2 pts... If 2810 breaks again, then we are in trouble. Expect weakness till afternoon... Nifty will show strength over NF 2897 with pivot at NF 2865 and support at NF 2822. Over NF 2931 expect bullishness and below NF 2795, we can see the downslide.