It was clearly told on 09-11-2010 and today for following supports that:-
"Support but not strong"
1- 6240-6260(Support but not strong)
2- 6150-6170(Support but not strong)
3- 6100-6130(Support but not strong)
All 3 supports broken in 4 days and Nifty made 6088.05 today. It has been confirmed that previous week rally was only on the back of following bullish news:-
1- Obama visit
2- Strong global markets
3- Coal Indian listing
As market could not sustained at higher levels and slipped sharply therefore 6100 will be watched and its breaking down will mean testing possibility of 5932.
Market is weak. No bottom fishing and long positions only after consolidation confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
