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Sunday, January 29, 2012

Predicted Nifty max Downside/Strong support at 4529 in Sep-Oct 2011

http://www.vckss.cmlinks.com/Admin/Upload/MarketPulse/Market%20Pulse%20October%202011.pd
When the entire world was talking of 4100-3900 for Nifty I didn't PANIC anyone instead gave some important level so that one can act accordingly.

In my Market Pulse news letter edition of Sep & Oct 2011 in my article with caption Double Dip or Buy on Dips -Part 2 & 3 it was mentioned that I strongly believe that on extreme downside NIFTY is going to hold 4573-4529 and is likely to bounce back from the above mentioned level. Only below 4500 closing things will get weaker.
Finally on 20th Dec Nifty hits low of 4531.15 and from there it went on to hit 5200 on Jan 27 2012.....all in a month. 
Check out the above link for the month of October 2011 and visit page 3.


Regards,

Manish Bothra.

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