January 28, 2011 9:50 am
Does anyone think it can go to this level or 5500 for nifty will be the low point?
Anything thing can happen,but whats your take?
This looks like long time ago…it went to 4700 and i have made use of it i should say
I will catch the falling knife this time, patch up my injury and the scars will remind me of the time in future – good or bad!! I will bet my money on it but not my life!! Good luck.
@manish below 5300 will become ugly ,,how ugly since there is not concerns other than inflation to pull down market drastically like last time.
Below 5300 there is no support on long term charts , It can see a huge downfall after that but I dont see it coming with great chances . Inflation is a very small thing to look at when you are asking markets trends . Look at international markets , liquidity issues , fears hovering around international markets , and overall valueations 🙂
If you look at 18 months daily charts , you can see a good support at 5300-5400 levels . But if thats broken ,, things can get ugly
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