Tuesday, September 30, 2008

It is time to decouple with US markets

On Monday (29th Sept 2008) closing Dow Jones is down by a huge 777 points. Asian markets also have opened very weak. Therefore chances are that Nifty will follow suit. Nandi feels that Nifty should hold the 3800 level and decouple with US market. Otherwise Nifty's maximum downward target is Sudha Daivatham level in earlier carnatic scale ie. 3178. Let us see where the downward journey ends.

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