Earlier in my blog ,stated that there will be second round of selling will come with high density. Time has come.As i am writing this,Europe indices are down by more than a percent and Dow and Nasdaq are also down by more than a percent.
Gold,crude is also down by around 2%.
Negative news have been flooded and now there is no room.
DOw has support at 9975. This is the last chance for revival.
Why Dow?All other indices are tail of dow.
NIfty: Downward pressure remain on nifty and it can test 4760.
For tommorrow Nifty can show strength only above 4872 level.It has to hold that level for more than hour.
Thursday, February 04, 2010
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