Nifty INDIA could not breach 8500 level and selling emerged, with target of 7960 – 7920. Now this can be achieved by June 5 and same level is maintained and hold Nifty has potential to jump back to 8700 level in next 10-12 days. sharp decline can be followed by sharp recovery also. as at this time, al are in opinion that recovery will be very slow. but if we buy action reaction theory, than Nifty should bounce back at a good speed. 2nd reason is at this time volumes are also low, hence its easy to drive anywhere to any level. another reason is pull back can be the reaction of solution to Greece payment default.
Disclaimer: its an observation for self study only. pl don’t trade on mentioned idea. it can be wrong. consult your own financial advisory.
Rkarora's Weblog 
0 Responses to “Nifty and time theory”