Nifty Pharma Index @ Close to Key Support

Though the street is very much bearish on Pharma....I feel as long 10178+- is hold on Nifty Pharma index there's all possibilities of a revival.

Only below 10178 it gets very much weak & worst & vice versa.....its the key level.

Levels are on closing basis.

Will Mr.Raghuram Rajan make use of his Brahmasthra on Time?

7459-7583 was a congestion area in Nifty & it took 11 trading session to cross & close above it. Its good that it has spent good time in this range before closing higher. On any downside it provide good support.

If anyone following my twitter account @MoneyMystery then one can find the same mention on various occasion.

We have discussed about the same range in our previous article too dated 4th September 2015 (Darrna Mana Hai Abhi) & if someone noticed carefully it took support on 2 occasion around the mentioned range & bounced off nicely post 4th Sep 2015. It was clearly mentioned that it will get tough fight from 7583-7568 & 7511-7459 before any break down.



Nifty closed at 7604...a good weekly closing indeed. 

We are very closed to a very important level which is around 7780 right now  (Level may little change with time).

If it can give weekly closing above 7780 then we can witness solid bounce in Nifty to the tune of 10-15% in the time to come provided the level is hold. Its a very key level above which the scenario can change dramatically on the positive side..

This is not an easy level to cross. We are very much near to it however still far from it. What can take it above is the key question & right now the Brahmasthra seems to be with Mr.Rajan which is the Rate cut. Timing matters here & the right time for rate cuts will be close to that level where it will certainly take it above the key level & I expect the same to happen.

The current upside in Nifty from 6825 to 7600+ shouldn't be underestimated as it is backed by solid FII's participation. 

Gold hits $1046/oz on 3rd Dec 2015 & Bounced Sharply as expected

It almost took 2 & a half year for Gold to arrive close to the mentioned level of $1020/980/oz which we anticipated on 25th June 2013 in my article @

Gold...Where its heading??? $1020/$980/oz???

In my assumption Gold is going to see downside level of upto $1020/$980/oz before it turnaround, currently around $1280/oz. This's my view as of now.

Link to the article@ http://moneymystery.blogspot.in/2013/06/goldwhere-its-heading-1020980oz.html

In reference to Darrna Mana Hai Abhi / Get Set Ready

In continue with the extreme downside level given in the article Darrna Mana Hai Abhi dated 4th Sep 2015, this is what happened so far:


For Nifty it was 6782/6694+-.....where on 29th Feb Nifty touched intraday low of 6825.8


For Sensex it was 22688/22403...where on 29th Feb Sensex touched intraday low of 22494.61


For Bank Nifty it was 13317+- where on 29th Feb Bank Nifty so far touched intraday low of 13407.25

So far in line with expectations.

Waiting for the FIIs inflow now :)