There are quite good chances, that NIFTY may break 5300 tomorrow. But 5200 will be very strong support level for market.Until 5200 is broken this uptrend is intact. Today prices shows the very good sign of LONG unwinding of positions so we can hope, for a minor fall.
The result of supporting and promoting wretched junk shares in chop shops owned and run by baile out European financial groups has become very obvious for everyone to see. Beginning the first Tuesday of january 2012 there had been successive rallies on Tuesdays for five weeks and this week saw the Sensex fall by more than 80 points! The Nifty has lost 26 points closing below the 5350 mark. Shame on the shameless security firms who were responsible for this downfall, for meeting their selfish ends!. The Nifty is down 26 points and the third rate junk shares in the chop shops like ING VYSYA owned by bailed out European financial groups are up by almost Rs. 4.00. Can anybody believe that towards the end the investors went rushed to buy these junk shares at higher prices pushing up the prices of these cursed shares? One must be a stupid ass to believe this! It is exactly for this very reason that we missed out on the Tuesday rally! Though a very few banking shares gained there is no reason whatsoever why the junk shares should gain? Everybody knows about what’s happening in Europe and the impending disaster that is going to happen there! Still these shameless firms want to push up the prices of these junk shares. As long as this happens we cannot see another rally. Once the share prices of these wretched shares fall then only we can see a rally. If these wretched shares fall tomorrow, then we can have a rally of 100 point on the Nifty tomorrow itself! This is for sure!