One more dooms-day with Gap-Down-Open (GDO), which does not augur - TopicsExpress

One more dooms-day with Gap-Down-Open (GDO), which does not augur well for markets and all seem set to re-test swing lows. One can not rely on earlier supports either, in times of deluge like this ones, either at Uttarakhand or at all speculative markets, like stock market or bullion market or currency market. if earlier swing lows for Nifty at 5477 and Bank Nifty 10889 look at risk of being broken, one may expect downfall of minimum 5325 in Nifty and 10380. The targets provided yesterday of 5600 for Nifty and 11200 for Bank Nifty seems to be achieved at Pre-Open only. Rupee value is likely to be Senior Citizen today. More clarity to prevail after pre-open and few hours of working today. But chances of Open =/near High look very high and bulls need to protect their trades very cautiously.

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