Dharmesh T. Shah

Monday, January 5, 2009

Thursday, January 1, 2009

Nifty is dodging the bears who are out for a hunt. We are at very critical juncture. Today nifty opened at the tik of 2963.30 and never saw lower level than that. Also closed near the highest tik of the day. The closing surpassed the 50day EMA. In coming days it is to be seen whether this is a good bull trap or the structure of bear market is changed. 3241 level is now a key level to be watched very closely. More fuel will be added if crosses above 3110. For those who are short, from lower levels may be having sleepless night. ( I am too one of them ha ha..)