Dear Friends,
This is what my advisor has said.
Today our downside target of 2660 was achieved. As already warned earlier all world markets would collapse but somehow nifty was holding out and today's action seem to be clearly indicate that bulls are surrendering. 2550 will be achieved very soon but it is adviced not to go short at these levels as one may get trapped. So wait for higher levels to go short.
My advisor also says that the nifty will see new lows before July 2009.
This is what my advisor has said.
Today our downside target of 2660 was achieved. As already warned earlier all world markets would collapse but somehow nifty was holding out and today's action seem to be clearly indicate that bulls are surrendering. 2550 will be achieved very soon but it is adviced not to go short at these levels as one may get trapped. So wait for higher levels to go short.
My advisor also says that the nifty will see new lows before July 2009.