Sunday, August 12, 2012

Possible Nifty range for week ending 17 Aug 12

for last week it was predicted
possible  range for week ending 10 Aug 12 .- 5230  >< 5350 
http://www.dhanvarsha.in/2012/08/nifty-out-look-for-week-ending-10-aug-12.html
and nifty traded between 5260 to 5377 before closing 2 % up at 5320 ..
daily chart is indicating that nifty is weak only below 5293 ...
Possible Nifty range for week ending 17 Aug 12 will be 5300-5400 extended to 5200-5450 .
Nifty started consolidation at 5300 level
if sustained above it nifty may trade between 5300 -5400 for next week upside restricted to 5450 .
if 5293 will break then we can see 5242  5202

It was predicted and posted on May 27 "expecting that nifty will trade at 5350...5400 "when every one was talking that Nifty will go to  4500 and below ...
http://www.dhanvarsha.in/2012/05/expecting-that-nifty-will-trade-at.html
and it is achieved ....nifty traded at 5375
will Nifty move to 5650  5900  or fall back to 5200- 5100 ???
5300 is crucial ....
stay long above it and go short below it for nice gains ...keeping 30 - 40 point strict sl


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