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8:36 PM
bullishmumbai
BUY from 4300-4330 The markets, as predicted, crashed badly from Thursday's highs of 4570 (although didnot go upto 4650 which I initially thought) and is almost near my target level of 4330. It closed at 4372 (nifty futures) yesterday.Now, the following things would probably happen.... 1. The current bearish nature completes at 4326 (+/- 30 points) and overall bullish wave becomes a very strong one.. The bullish wave takes the form a 'W' and moves towards the target line of 4900 (Nifty Fut) by the 1st week of September (maybe on 7th). 2. In the process, the current uptrend line from March 2009 will remain maintained. Please check Nifty charts at your end and verify. BUT dont think that the uptrend is because of that. Maintaining a trend is not the reason. Its only an outcome. The main reason is the wave.... 3. This time Nifty will surely move past the 61.8% retracement that market participants were taking as strong resistance level at 4670. Nifty will move past it and force everybody to get into fresh longs and that will be the time when it will actually collapse. Will update those in the process. But, the levels have already been created in the charts with specific date targets this time...... 4. After many days, I am observing panic developing in the system. The India VIX is again rising and thereby indicating panic somewhere 45 days down the line......So stay tuned to this blog for future updates...... Meanwhile....... Simply buy around 4300-4330 on Nifty futures or 14631 on Sensex (+/- 100 points)..... Target 4900 NF and 16100 on Sensex..... No stop loss will be given today....Will update if required..... :::FREE SMS CHANEL::: "Just send one SMS and Get LIFE TIME FREE SMS ALERTS" For News and Jokes TYPE : JOIN FunMantra Send to 567678 For Hot world ,Business News TYPE : JOIN CNBCNEWS Send to 567678 For FREE STOCK MARKET TIPS TYPE : JOIN BUZIBIZ Send to 567678 NOW FunMantra 26,425++ Members http://labs.google.co.in/smschannels/subscribe/BUZIBIZTIPS OR JOIN BUZIBIZTIPS Send to 98708-07070 |
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