Share Market Predictions for 29.01.2010

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Share Market Predictions for 29.01.2010

 

 

 

Resistance 4874, 4923, 4978, 5028

 

Supports 4820, 4769, 4713, 4664

 

 

 

Tomorrow, 29.01.2010 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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