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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.
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    Tuesday, July 31, 2007

    31st july 2007

    the low of this downswing i.e 4404 is axactly 23.6% ret of the upmove from 3617-4647.85.

    the breakout above 4493 was significant and the short term uptrend has begun, but nifty could not reach 13sma which is at 4539. now coming to tomorrow, nifty is likely to encounter selling in zone 4550-60, so whether this is a fresh upmove or just a bounce of the original fall from 4647.85 will be confirmed on close above 4560. downside supports are at 4504,4496,4484.

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