Thursday, January 21, 2010

Update on Nifty & Indian Market view, Rising Wedge and its impact



Nifty has broken the rising wedge and with low volume panic sell-off is seen as many leveraged position and cash stock is where investor got struck now 5065 & 4980 is a very strong support and with RELIANCE results tomorrow it is hard to say if market will breach 4980 but Penny stock and low equity stock is where investor should avoid now. Be in liquid stock as it would be easy to average and come out easily.