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| Discuss NIFTY FIFTY at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by saint Hi Amit, It's held for now.....maybe we are going to have ... |
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#91
23rd August 2005, 12:38 PM
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Re: NIFTY FIFTY
Quote:
Should the rally come, even if weak, there is a faint possibility it may flare into something good. 
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#92
23rd August 2005, 12:52 PM
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Re: NIFTY FIFTY
Bit of a free fall now that 2350 is broken. Currently at 2343.
Further down if it should go, 2335 was a level in the past where a good bounce had come.
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#93
23rd August 2005, 02:17 PM
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Re: NIFTY FIFTY
Quote:
Had bounced back from here to 2341 but now the fight is back at this level and a quick decline in prices coming back. If this is broken, NIFTY could begin to really bleed. Below 2330 is 2322.
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#95
23rd August 2005, 02:49 PM
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Re: NIFTY FIFTY
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#97
24th August 2005, 09:51 AM
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Re: NIFTY FIFTY
As I was calling important supports yesterday, there was some semblence of a fight at each level.
But my hopes of an upside did not come to be. Now there is the buzz that further correction is on still, and that NIFTY woluld take strong support at 2280. For me, should there be further down side, 2310-2312 should give a fight, and below this 2304. 2270 would be the strong and possibly the final support for this 'healthy' correction. On a positive note, the up side strength would come above 2335 today and then 2348. In the opening moves should the NIFTY get that far, a fall again is likely. Only a cross above 2360 will resume the long term rally, but not likely in the next little while. Interesting two sessions ahead.
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#98
24th August 2005, 10:30 AM
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Re: NIFTY FIFTY
Quote:
2312 was the lowest...yet. Has taken good support there twice already. Things would be stable a bit if yesterday's close at 2326 which has been attempted a couple times, is cleared and consolidation happens there for some time, and then a gradual climb to 2335. Most NIFTY gainers are on very thin margins as of now.
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#99
24th August 2005, 11:32 AM
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Re: NIFTY FIFTY
it looks like 2340 has become a resistance point for NIFTY. May be it has to clear 2340 and 2345 to go ahead.
It may be tough to expect it today. But if NIFTY holds today at 2330 - 2335, then its going to be good sessions, i believe. Satya
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#100
24th August 2005, 11:54 AM
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Re: NIFTY FIFTY
Quote:
A good sign, and after the panic sell very early the market seems pretty calm at this point. A drop to 2320 would be a disaster from here on. ONGC mainly and Sun Phama holding up the index pretty good for now. Each time it rises to 971 plus, the index follows to 2330 plus. ONGC now at 974 but meeting resistance here. As I write, HDFCBnk and HCL tech. under pessure again, as is NIFTY...at 2328 Satya, 2340 is a distant dream at this point.
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