Share Market Trend For Monday : 8th Aug '11

Again as we have perfectly predicted the Market moved down side again according to that. Today the Market start with a Negative mode and touched the high level of 5302 and whole the day it remains in same position and touched the lower level of 5117. Whole day it suffer from that down trend.

Today Sensex closed at 17,305.87 with -387.31 down points or -2.19% down. And the same thing happen with the Nifty also. Nifty closed at 5,211.25 with -120.55 negative points or down by -2.26%.

Nifty showed selling pressure from resistance near 5230 levels and closed in red. Bulls tried to show some strength from lower levels and manage to close above 5200 levels. Volatility may be continuing for next few days.

For daily purpose, trend deciding level is at 5250. If Nifty shows strength above 5250 levels, then rally to 5,330/5,370 levels may be seen. If Nifty stay below the level of 5,250 levels then selling pressure till 5,140/5,100 levels may also be seen.

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