Congratulations OBAMA…..

Congratulations BARACK OBAMA…..
“Hearty congratulation”, CHANGE made a mark in the history to make a CHANGE.
The world experienced the waves of Obama, now a reality to accept the CHANGE as a reality.


The markets fell as they touched 3280 in the futures and fell a crumbling tower to settle at day’s low at2971, closed at 2995. The resistance can be used as an opportunity to build longs at lower levels from Nifty touching 2680-2630 level and bouncing back with a vigour. To satisfy the above condition, the RIL shall not trade below 1080-75 level. The sudden shut down of plants made the markets to feel the heat of recession impact that affected most, especially the India’s top Cap company.
The US markets are also trading lower to accept the more tax plans by the new Prez. The local issues will become clear in next one week, until then just trade or keep fingers crossed keep guessing.

In my earlier post titled as Looming uncertainties……Incase we could rally up to 3280 then the chances are there to see more short covering but the chances are remote to view this favourable situation. The down side protection is more important than the concern for upward rally at this critical juncture. As expected yesterday, Nifty got resistance at 3035 level but in the last ½ hour it could cross the resistance to touch 3065 level and ONGC crossed the resistance at 710 to touch 716 levels. The Nifty shall not breach the 2680 level and the RIL shall not go below 1230 level.