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NIFTY VIEW
Just to share my opinion on NIFTY. For those who have access to
technical charts, draw a vertical line at the nifty top last year
which is at approx 6300. Draw a horizontal line at approx 5200. And
then draw a trendline starting from 6300 and then touching tops at
6150 5900 5740 5400.......... wat you get after drawing these threelines is a triangle or a
wedge. Note that the nifty has obliged to
respect this hypotenuse in the last one year. Now since we are
comfortably below our horizontal line which is 5200, we can say that
we are in a perfect bear phase according to wat these charts suggest.
And wat i feel is that we are in the last phase of the bear market or
in other words the last 3-4 months. Now, by definition the last phase
of the bear market is the quickest run downwards and the hence the
most destructive. Now everyone knows that we are on our way down
further. But the biggest question is how much? Just to figure this out
wat we can do is invert the triangle which we had created above on our
charts. We get the height of 1100 points on the nifty on that
triangle. Taking a mirror image of the same, or inverting our
triangle, we get the tgt of 4100 on the nifty.
Also to add to my logic, I would like to point out further that nifty
had a big gap during the past elections in which congress had won and
we had rallied like 700 points. That gap has not been completely
filled yet. Nifty was at approx 4200 during that time.
Looking forward to sharing our views and further discussions.
technical charts, draw a vertical line at the nifty top last year
which is at approx 6300. Draw a horizontal line at approx 5200. And
then draw a trendline starting from 6300 and then touching tops at
6150 5900 5740 5400.......... wat you get after drawing these threelines is a triangle or a
wedge. Note that the nifty has obliged to
respect this hypotenuse in the last one year. Now since we are
comfortably below our horizontal line which is 5200, we can say that
we are in a perfect bear phase according to wat these charts suggest.
And wat i feel is that we are in the last phase of the bear market or
in other words the last 3-4 months. Now, by definition the last phase
of the bear market is the quickest run downwards and the hence the
most destructive. Now everyone knows that we are on our way down
further. But the biggest question is how much? Just to figure this out
wat we can do is invert the triangle which we had created above on our
charts. We get the height of 1100 points on the nifty on that
triangle. Taking a mirror image of the same, or inverting our
triangle, we get the tgt of 4100 on the nifty.
Also to add to my logic, I would like to point out further that nifty
had a big gap during the past elections in which congress had won and
we had rallied like 700 points. That gap has not been completely
filled yet. Nifty was at approx 4200 during that time.
Looking forward to sharing our views and further discussions.
Cheers,
Yessssssssssssss
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1.Some Big Opertor Saying Sensex Heading to 27000-30000 Till December 2012
2.Some insider saying some Big HNI already started buying in some selective stocks however they not ruled out Sensex Below 14000 in next 2-3 months
1.Some insider saying market Can See 800-1000 Point Rally in Nifty in December..
2.Some Big Opertor Saying Sensex Heading to 27000-30000 Till December 2012.
3.Some insider saying Nifty may again Hitt 4700 even 4200 in coming weeks.
When Street Talker Barking......
Street Talker Barking.....Nifty Can go 4800...4500...4200 Due to High Crude Price..........
Ongoing Scams Budget Worries
When.....................
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What To Do Today........
Nifty....Today Face Resistence at......4690...4750...4825
Nifty.....Today Support at ....4600...4545...4515
Nifty Range...4200--------6600
TRACK ME RESEARCH......
NEXT TGT FOR
WE SHORT NIFTY @6100 TGT 5350 / 4800
OUR 1 TGT HIT NIFTY 5350 OUR 2 TGT ALSO
DONE 4850
DONE 4850
Scammmmmmmmm Rumors Every where
So Stay Away...
So Stay Away...
Our Opininon for Today's Market.......
1.Stock Specific Movement Expected Today ......
INTRADAY HOT STOCKS: 19/12/2011
BUY DIVIS LAB@ 761 TGT 767/774 SL 752
BUY HCL TECH @ 418 TGT 422/424 SL 415
SELL TCS BELWO 1145 TGT 1135/1120 SL 1155 BUY AB 1170
BUY COAL IND @ 301 TGT 304/308 SL 297SELL BELOW 295
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TARGET
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