will the nifty sustain above 4700 level?

[Capricorn]

Intraday correction is possible but the index is looking at 5000.

 

[sumit.agarwal]

Intraday correction is possible but the index is looking at 5000.

even stock specific.

 

[Capricorn]

Our target done today. Lets see how the index behaves here for further cues.

 

[sudoku1]

its not imp for nifty 2 sustain @ some level but very imp that the money flow maintain the momentum....
remember as v climb higher & higher ,air becomes thinner & thinner & there is lack of oxygen.....
take care with adequate stops & keep on riding..

 

[Capricorn]

Same thing is it not mate. It will only sustain if the green stuff keeps flowing in

 

[basruru]

today's sell off at 5000 dragged down nifty to flat, is it a negative divergence? or had nifty a intraday positive divergence at 4945?

 

[sudoku1]

today's sell off at 5000 dragged down nifty to flat, is it a negative divergence? or had nifty a intraday positive divergence at 4945?

it takes much more time for the price 2 follow the neg divergence....

 

[Capricorn]

As long as that trend line holds we are looking at 5300.

http://img22.imageshack.us/img22/5948/jchartsp.png

 

[sudoku1]

nifty put call ratio @ 1.65 indicates froth building up in derivativs...:annoyed:

 

[Capricorn]

Some desperate short covering here....:lol:

http://img3.imageshack.us/img3/879/fnchartsexport.png