Nifty for 10 Nov 06

As was suggested in my last post on Saturday, the Nifty has achieved a target of 3840 today, and has tried consistently to retest it.

As is normal, these targets are overshot somewhat.

Therefore, it is only prudent to expect the 3840 levels to be penetrated mildly, and then a minor correction to set in.

Bulls among us can now wait patiently for re-entering the market at lower levels.