Stock
Market Trend 29 Aug 2011 :- Last Friday’s 26th Aug
closing indicates a serious weakness of Indian Stock Market. Now in
the perspective of the all time high of Spot nifty comparng with the
closing of Friday 26thAugust , the yearly chart
indicating that in worst possible cases, Spot nifty can collapse
completely and can go down up to 4000 also. Though the level of 4000
is not possible within couple of days, & will see lots of sharp
troughs and crests in between, but it should be noted that the Stock
Market has already been entered in a Bearish state. until unless spot
nifty cross and sustain 5050, Market will remain weak and any bad
news either it is domestic or global can push the market down to
frustrating levels. Intention is neither to make you afraid nor to
ask you to quit the Stock Market, rather to advice you to trade
cautiously and to take the favourable situation from time
to time.
