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Friday, February 26, 2016

Time to Get Set Ready :)

Its almost close to 6th month I wrote my last article Darrna Mana Hai Abhi dated 4th September 2015. 

It was told that Darrna mana hai abhi...infact by now sabko darra bhi diya and hila bhi diya. 

This fear was much more advanced in compare to 2008 as the world is connected to advanced tech of whatsapp...twitter....bbm....and other social medias of the world. Any message or info whether good or bad is transmitted amongst a group in a matter of seconds and it plays the designated role.

Talked about creating & using panic fund and mentioned some extreme key levels from my side on Nifty, The Sensex & The Bank Nifty which i least expected however we are there.

The last para of the article reads@ So this is what can happen max to max in my believe. So do not Panic & Fear and do not let it spread.
Spread Confidence.

Now when we are here everyone must be hearing and talking about various different levels on the downside which i don't want to discuss however am confident of a mega bull run to start sometime soon which will go a long way.

Let me talk about the extreme level we talked about and what happened@

For Nifty it was 6782/6694+-.....where on 12th Feb Nifty touched intraday low of 6869.

For Sensex it was 22688/22403...where on 12th Feb Sensex touched intraday low of 22600

For Bank Nifty it was 13317+- where on 25th Feb Bank Nifty so far touched intraday low of 13519.9

Panic fund was supposed to be used here.....some might have used.....some might be out of cash....Some might be in fear and panic to use.....and some might be waiting for big further downside to add.

Start Adding.

Bank reflects the overall health of the economy and a lot has happened over the past 1 yr....a lot of dirt has been flushed off.  For me the the level of 13317/13269+- is very very important level for the Bank Nifty and am expecting a very big bounce close to it which has the capacity to take the entire market higher.
Wish the given level maintains.

Given levels are on closing basis.

I don't know if this will be the bottom however am confident that we are not far from that.
Good days will be back again.

Will definitely get further boost if INR spot strengths which am expecting it to take a U turn from close to 69.2+- Vs the USD  where 67.4 to 69.2+- is a range and anytime closing below 67.4 will make it further strong.

Need to see FII's positive inflow which is the most important of all.

You all are Strong.....You all fought with Fear & Panic.....You are bound to succeed.





Note: Above are my personal assumption and observation. Things may or may not work.

1 comment:

  1. great...spot on once again. This is d reason i look forward to ur posts. well done Manish...keep it up

    ReplyDelete