Share Market Predictions for 29.01.2010

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Resistance 4874, 4923, 4978, 5028

Supports 4820, 4769, 4713, 4664

 

Tomorrow, Venus,

Jupiter & Chandra will play a role in the share market. As indicated

earlier market has now entered a bearish state and will remain weak till May

end. Some consolidation is expected after mid April. But tomorrow, in a

bearish state, and when Chandra & Venus are involved, these being female

planets, as the tradition says that when men are in a pathetic state, women do

come forward and support and lift the spirit of men.

 

Yes, Venus and Chandra will work in lifting the spirit of

the market, hence market will be positive, but volatility will remain. But this

positive approach of the market should not be mistaken as a bull run; it will

just be a bear rally. This rally will last till Monday and thereafter the bear

trend will continue.

 

This is an opportunity for those investors who are still

long on the market; they can either book profits or minimize the losses if the

scrip’s are bought at a higher price. On technical opinion, the market

will once again give a bear rally after 4550 level is reached. Once 4550 level

is breached, the downward trend can go up till 4150 level. But if Nifty is

above this level on or around 15th April then the higher low above

4150 will be a strong support zone.

 

 

 

 

HARESH(HARRY)NATHANI

VEDIC ASTROLOGER CELL

+91 9867214103

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