We know what happened with Kaaliya in Sholay...what about Nifty???? Who's the Gabbar here???
Well we can only predict or assume things taking some parameters. The rally started above 5600/5608 which we mentioned quite a time in our earlier messages and the range was given till 6134/6143 in the message given here at this blog on Dec 6th 2012 where on Jan 29 it made high of 6111 and started correcting from there. Somehow we gave our top for the market much earlier than anyone else. We're back to square one again from where we started. Market is full of negative noise and there's a valid reason.....stocks prices are out of shape...what Talwalker or Gold Gym couldn't do market did in just few days for the stocks. This's Dirty Picture.
My India is not like that.
What signals are we giving??? In the last 3 month our performance have been the worst when compare to Nikkei, Jakarta, Dowjones, S&P, Nasdaq, Hangseng, CAC, Dax or the FTSE. Things need to change now fast & quick. Technically I still see strong support in the region of 5608/5600 and I expect Nifty to bounce back in style. Only continuous closing or closing below 5600 will make it further weaker where on the downside Nifty could see downside level of upto 5428. So as of now 5600 will give a good challenge to the so called Bears.
(Edited Later) at 4.32pm on 23rd March**** 6 month & 1 year chart shows very strong support for Nifty in the region of 5571/5554.....however it gets the bigger momentum only above 5600/5608 level.
Well we can only predict or assume things taking some parameters. The rally started above 5600/5608 which we mentioned quite a time in our earlier messages and the range was given till 6134/6143 in the message given here at this blog on Dec 6th 2012 where on Jan 29 it made high of 6111 and started correcting from there. Somehow we gave our top for the market much earlier than anyone else. We're back to square one again from where we started. Market is full of negative noise and there's a valid reason.....stocks prices are out of shape...what Talwalker or Gold Gym couldn't do market did in just few days for the stocks. This's Dirty Picture.
My India is not like that.
What signals are we giving??? In the last 3 month our performance have been the worst when compare to Nikkei, Jakarta, Dowjones, S&P, Nasdaq, Hangseng, CAC, Dax or the FTSE. Things need to change now fast & quick. Technically I still see strong support in the region of 5608/5600 and I expect Nifty to bounce back in style. Only continuous closing or closing below 5600 will make it further weaker where on the downside Nifty could see downside level of upto 5428. So as of now 5600 will give a good challenge to the so called Bears.
(Edited Later) at 4.32pm on 23rd March**** 6 month & 1 year chart shows very strong support for Nifty in the region of 5571/5554.....however it gets the bigger momentum only above 5600/5608 level.
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