will the nifty sustain above 4700 level?

the biggest question today to be asked is 'will the nifty sustain above 4700?'
the nifty had toched 4700 two consecutive sessions but has never been able to keep above the 4700level. my opinion to this is today 27-08-2009 the session has been good with the closure of FNO aug market and with the trade policy being continued plus the strong buying seen today... all i can say is nifty can sustain 4700 levels.
abobve 4700 there can be a 150 point rally regaining an uptrend... after this uptrend there can be a situation where the market can lose steam ... after a 150-200 point rally there can be a correction in the market that is it is searching for a reason to correct ... the reason can be either the improper monsoons / drought.

the 4700 levels now i can see only the next level 4950.. here there has to be a very high bull sentiment and then the septmber session can easily close in the range of 4800 - 4950 levels...

but all this depends on the answer to this questio ' will the markets sustain abbove 4700-4750?.......'

If only we could have this answer!

i too wanted to ask the same question , 2 days consolidating , world markets in red , what will happen tomorrow ? a bit of correction n i wud like enter the market again. waise bhi kal friday hai last trading day.

i sold much of my holdings yesterday as i feared markets may go down and did really make some good profit

please trade With care....... 4730 which can be a Double TOP, We may Go up to 4780 but then possiblity of down trend can not be rulled out....A Double TOP term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop. BETTER TO WATCH GRAPH

acc to me i feel the markets all depend on the friday session closing
the way the heavy weight stocks have been bought down i feel there can be high volatility tomm and the possibility of mrkets sustaining the4700 level is very strong ..... my call wouls be stay cautious and book partial profits ... for me as a positional trader this is not a good point to enter.... except for certain stocks that is.....
i will clear half of my positions tomm in the due course of volaitility and see if the nifty breaches the 4700 mark and stays above it for atleast a week of trading sessions...

as a whole the september month is a littkle negative i guess... i dont expect much runup in the frontline stocks ... the midcap and small cap can gain after a little correction ..as all the fronliners are overvalued at this point... due to the foll reason of over valuations i feel there can be a little shedding of gains from the frontliners in the start of the new trading month and then mid month trading sessions if the conditionss are favourable{ rains china japan and the globe} then the nifty can break into a terrible though very favourable bull market suspecting higher returns....

thats what i feel though this can change with the situations that the market faces .{this is just a general idea pertaing to the market judging by todays close}

I am looking for a weekly close over that line for further bullishness.

confused session , flat going up n down.

gaadi band pad gayi hai petrol khatam hua hai.

Post lunch session should be interesting.

Watch 4670

in the chart you have shown there seems to be a support to the market at 4650 levels.... i hope there are no bubles in the globe markts...it can easily shatter that support... seems to me many of them {people} have gone short in the markets

yes exactly there can be lots of action with the 2:30pm factor...