NIFTY CALL - OCTOBER 16,2010 - If we stay below 6000 on the Nifty for 10-15 trading days, the range would become 5400-6000. But I would wait and watch for a day or two if this holds below 6,000. If it jumps back, then the range is 6000-6200
This entire rally was sustained by EFF buying. If that reverses (which it seems like its going to happen) because ETFs have about a 7-8% loss in just week, the same factors that took the market up will bring it down. If this fall continues, I am afraid, there is much more to come
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