Market outlook on broder basis

Dear All,

Nifty hold 3200 on closing basis today , we are advising you to buy close to nifty 3200 levels by just putting 10% of ur money at these levels for long term portfolio building .

Now question is where the market is heading , can we see some upside from here or we will drift further more toward downside ???? lets try to find answers of these questions

first on any type of pull back ,what zandu believes that as long as nifty holding 3200 levels on closing basis we can see pull back uptill 3800 levels in coming days with ristance in between at 3650 levels

second on further sell off , zandu belives that if nifty 3200 levels will break on closing basis it will initaiate further sell off with support placed at 3050 on closing basis and if 3050 wil break on closing we can head towards 2600-2800 levels

zandu believes that nifty 3200 levels will be difficult to breakn closing basis but again if nifty 3200 level break on closing basis then we can see nifty going at levels of 2800--2600 levels also ,but zandu maintain that close to 3200 levels we can initiate buying by putting only 10% of available fund for long term portfolio building .

We have analyzed this level (NIFTY 3200-3500)way back on July 4, 08 plz check the post http://zandusmartchartcalls.blogspot.com/2008/07/nifty-levels-bang-on-target_04.html

please check our post We are already short on market since 5280 nifty levels please check this post....http://zandusmartchartcalls.blogspot.com/2008/05/market-outlook-on-broder-basis.html

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Thanks & happy trading
your's zandu