Nifty level bang on target !!!!!!!!!!!!!

Dear All,

We have written in our earlier post that Nifty 3200 is levels where we can start buying , market almost touching 3200 nifty levels and bounce back up to 200+ points nifty today closes at 3490 .Now question is uptill which levels this pull back will go ??? IS NIFTY 3200 was the level where nifty has seen bottom .

Now for first question ,zandu believe that nifty first target in this pull back will be 3650 level if closes above it then we can target 3800 levels .

Second question is 3200 nifty levels was the level where nifty has bottom out ??, zandu believes that nifty 3200 levels will be difficult to break but again if nifty 3200 level break on closing basis then we can see nifty going at levels of 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

zandu suggest you to start buying close to 3200 nifty level ,nifty will bottom out close to 3200 levels and this 3200levels will a buying zone for portfolio buliding . Though a break below 3200 nifty levels cant be ruled out but AND WE CAN SEE NIFTY DRIFTING TOWARD 3000-2600 ZONE but zandu believe that CLOSE TO 3200 u can start picking stocks for ur portfolio buliding .

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