I am very glad to publish our 100th episode of "NIFTY TODAY". In this joyful occasion, I would like to thank all my friends including traders, brokers, investment institutions and market analysts from all parts of the world. Your support makes me vigorous in my researches and studies.
Around 3 months before, I got an e-mail that conveyed some emotional attachment to me. This mail was sent by a trader. He stated that he could earn good profit on those days when he pass through this blog. It inspired me a lot in blog writing. I mentioned this incident here to clear the effects of good comments and to show my gratitude to encouraging comments.
I try to be honest by revealing the real facts. Some of my friends advised me to delete blogs which failed in performance after some days. Though nobody would be able to understand regarding removal of such blog after some days, I denied the trick for the long existence based on truth.
Next, I dont give any charts and diagrams as they give some complex ideas to the traders. I just provide the results of such charts after detailed studies and good efforts.
Finally, i am obliged to my followers who support me day by day as well as the Google who gave me a good platform.
Thank you.
NIFTY TREND FOR 09-05-2012
Major Resistance Levels : 5103-5189-5240
Major Support Levels : 4930-4879-4795
Though nifty is bearish below 5045, positions should be taken only after getting instructions.
Nifty ( Closing ) : 4999.95
Indian markets showed a virtual blood bath today. All the sectors closed in red today.
Most of the global indices closed by 1 - 2 % loss. It affected Indian markets too.
Besides, worries regarding inflation and increasing trade deficit fueled the fall. Anyway, traders should be vigilant in taking and holding further positions.
GOOD LUCK......
Thanks For selfless help and support....God bless you all...I wish I can get the knowledge to understand the market like you do....
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