We had on 19-03-2009 forecast a bearish month ahead for stocks and an uptrend in petroleum
prices the main beneficiary in the private sector being Reliance. Now the RPL/RIL
merger is also being proposed as a result of the above wave.The markets are heading for
further bottoms in the coming two weeks as already forecast by us.Today important momentum changes of the markets may be seen at 11.29,13.40,14.23, 15.07 etc.
Negative waves likely to be created at 10.08-10.20, 10.32-10.44,12.41-12.55,13.09-13.40
etc.
Nifty futures likely to get support at 2727,2719,2711,2705,2685,2648,2635,2618,2598,2564 etc and face resistance at
2743,2751,2759,2772,2779,2783,2812,2822,2858,2865 etc.
These forecasts are given for general informations only.All market actions will be at the individual's own risk.
Vidyabhaarati.
Saturday, February 28, 2009
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