NIFTY is looking weak

As per my observation NIFTY may fall on 13-03-07. Look at HPCL, short position have been created by punters.

In your opinion what is the future of IFCI, does it price rise or down

hi husec03,

i am not an analyst or a consultant. dont have any idea about ifci.....

Please share your observations...That will be much more helpful...

Thankyou

Subrata Bera.

then y to short Nifty short HP. HP just has a 0.45 weightage on Nifty 50. So if there is a short poition of punters(As u say) there is no surety that Nifty is gonna fall. pls giv a valid reason for ur viepoint.

http://content.icicidirect.com/market/NiftyWeightage.asp


Thanks

hpcl may weak below 250 ..... if it break 250 on the lower side then nifty may go down ..... but if hpcl sustain above 250 then upward movement expected on nifty .....

I appreciate your observation.But question remains unanswered.Why shud Nifty go down with HPCL when it has less than 05% weightage?

just see dinkerj, hpcl sustain above 250 & nifty closed with gains. there was a chain reaction beetween hpcl & nifty on yesterdays data.

this argument went bouncer for me, I ask dinkerj question why would you say nifty will go down when hpcl was weak to you ?

Nothing related to any stock. Today US stock market fall...due to negative data. if today US stock do not recover and tommorow if Nikki fall before then NSE will open GAP down. now all depend upon Nikki. and Yen carry trades.