RockingCalls.com

ASIAN MARKETS MELTING DOWN.
NIFTY FOLLOWING GLOBAL TRENDS.
BEARS AS EXPECTED ACTIVE BELOW 6088.
CLOSES AT 5967 AFTER TESTING LOW OF 5955.

GLOBAL MARKETS GETTING VOLATILE AT HIGH
LEVELS. COMMODITY MARKETS ALSO GETTING
VOLATILE. NIFTY CLOSES AT 6114.

AS POSTED HERE,
BULLS HAVE NO VALID REASONS TO GO
ABOVE 6222. ONLY TECHNICALS AND GLOBAL
TRENDS HELPING THEM. CAUTION NEEDED.

AGAIN GOLD SLIPPING BELOW 1350.
DOLLAR INDEX TRADING ABOVE 84.
GLOBAL MARKETS TRADING AT LIFETIME
HIGHS.

BULLS ARE ON THE WAY TO 6222.
ONLY A CLOSE BELOW 6044 CAN TERMINATE
THIS VIEW. TODAY CONSOLIDATION SEEN.

YESTERDAY WE POSTED HERE, THAT,
A CLOSE ABOVE 6044 NEEDED FOR BULLS
TO TERMINATE THE BEARISH CLOUD.
ALSO A CLOSE ABOVE 6133 NEEDED TO
START FRESH RALLY TOWARDS 6222.

SOME BUYING SEEN AT 5977 LEVEL.
GIVING SUPPORT TO NIFTY AND BULLS.

5511-6111 IS THE RANGE.
NIFTY TESTED THE UPPER END OF THIS
RANGE ON SATURDAY.

BULLS REACHED THE GIVEN TARGET 6111.
NOW 6111-133 IS BIG RESISTANCE.
SO ANY CLOSE ABOVE 6133 WILL LIFT NIFTY
TO 6222 THE ANOTHER RESISTANCE LEVEL.

NIFTY GETTING CONSOLIDATION AT 6022-66,
LEVEL. BANK NIFTY SUPPORTED NIFTY
TO JUMP FROM 5500 TO 6000.

KARNATAKA RESULTS SUPPORT BULLS.
APEX COURT COMMENT FAVOR BEARS.
RESULTING IN RANGE BOUND DAY.
BULLS SEE A CLOSE ABOVE 6066 AT 6069.

GLOBAL TRENDS SUPPORTED BULLS.
KARNATAKA EXIT POLL FAVOR UPA.
BULLS SEE A CLOSE ABOVE 6022 AT 6044.

BULLS NEED SOME VALID REASONS TO JUMP
ABOVE 6000 AND TO GO ABOVE.

MARKET EXPECT MORE FROM RBI.
SO 25BPS RATE CUT FAVORED BEARS.