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Mkt seeing false rally, see Nifty at 2K ahead: Daryl Guppy

This article was posted on Dec 23, 2008 and is filed under Press Releases

Daryl Guppy, Founder and Director, guppytraders.com, said he would be taking profits now and would go short on the Nifty and Sensex. “The weakness that is developing at the moment suggests that we are looking at downside targets of around 2,000 for the Nifty”.

Commenting on commodities, he said crude is likely to trade between USD 24 and USD 38 per barrel. He sees resistance at USD 48-50 per barrel. Guppy feels gold could resume its uptrend given the likely dollar weakness.

source: moneycontrol.

Tags: calls, daytrading, free calls, intraday, tips

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