Despite the global blood bath Nifty managed not get into a panic selling mode, probably the mkt makers were anticipating DOW to rally yestrday after the bloodbath hence decided not to break NIfty. Since DOW was green yesterday, a good day for Nifty to fall.
Anyways coming back to technicals, Nifty charts are still bullish for several reasons and any dips today can be used to buy provided NS stays above 2860/2870.
Please keep a watch on the shoutbox here ... some of my stock recommendations have already started meeting their target prices...
Magic Numbers for today
NF - 2840, 2881, 2914, 2950, 2979
Cheers SH
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