8 years monthly Nifty chart is showing that ...
In Jan 2008 corrected by 16%,
In Jan 2011 corrected by 10 %
now Jan 2013
will it close positive or will correct by 5% to 6 % ?
share ur views with reasons ....
to be included in this article ...
Last candle ended making spindle top ...
Trading at top of bollinger band...
.png)
Weekly chart is showing consolidation phase ...4 week consolidation within 125 points range ...trading at center of channel ...
red arrows are showing swing highs.
green arrows are at swing lows .
now will it move to 5720 or 6100...depend only on range break
.png)
Daily Nifty chart is showing that nifty is hovering around 20 day moving average which is at 5890 ...above it will be bullish and below that bearish..so break out will be above 5940 and break down below 5850 .
.png)
20 sessions of range trade at 3 months eod chart will this range break in first week ...
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Nishant Kulkarni (12/30/2012 10:12:46 AM): I feel Jan will correct
Nishant Kulkarni (12/30/2012 10:12:57 AM): because later in year till elections rally has to happen
kailash123p@yahoo.co.in (12/30/2012 10:13:10 AM): ok
Gopal (12/30/2012 6:23:57 PM): most probably after an an bump up crossing 6000 above or even 6100 and forming a top in january mkt will correct severely aftere first wk of jan
kailash123p@yahoo.co.in (12/30/2012 6:28:23 PM): but after first week earning season will start
kailash123p@yahoo.co.in (12/30/2012 6:29:06 PM): on 11 infy will kick start
Gopal (12/30/2012 6:29:59 PM): no earning will keep the mktup if it has to go down, also earnings are not going to be to th e expextation of the mkt
Gopal (12/30/2012 6:31:06 PM): Infy has become a white elephnt and cannot keep its guidance
kailash123p@yahoo.co.in (12/30/2012 6:31:16 PM): ok
Gopal (12/30/2012 6:32:17 PM): And no company in the world can perform or be at its highest level for ever-has to revert to the mean-infy no exception- already down from 3000
kailash123p@yahoo.co.in (12/30/2012 6:33:05 PM): ok
Gopal (12/30/2012 6:34:19 PM): Usually infy tops out before mkt tops out and u can see it first infy topped out then only nifty made a high and topped out
kailash123p@yahoo.co.in (12/30/2012 6:35:19 PM): gud
Gopal (12/30/2012 6:35:51 PM): thank u
PooSai (12/30/2012 7:30:52 PM): GE sir...... as per my view coming week going to very important week and if fiscal cliff succeed market will break range and it will head to north we can see new high but if there is no good news for market it will break range and will head to south......we can see 5750...
kailash123p@yahoo.co.in (12/30/2012 7:31:48 PM): ok
In Jan 2008 corrected by 16%,
In Jan 2011 corrected by 10 %
now Jan 2013
will it close positive or will correct by 5% to 6 % ?
share ur views with reasons ....
to be included in this article ...
Last candle ended making spindle top ...
Trading at top of bollinger band...
.png)
Weekly chart is showing consolidation phase ...4 week consolidation within 125 points range ...trading at center of channel ...
red arrows are showing swing highs.
green arrows are at swing lows .
now will it move to 5720 or 6100...depend only on range break
.png)
Daily Nifty chart is showing that nifty is hovering around 20 day moving average which is at 5890 ...above it will be bullish and below that bearish..so break out will be above 5940 and break down below 5850 .
.png)
20 sessions of range trade at 3 months eod chart will this range break in first week ...
.png)
Nishant Kulkarni (12/30/2012 10:12:46 AM): I feel Jan will correct
Nishant Kulkarni (12/30/2012 10:12:57 AM): because later in year till elections rally has to happen
kailash123p@yahoo.co.in (12/30/2012 10:13:10 AM): ok
Gopal (12/30/2012 6:23:57 PM): most probably after an an bump up crossing 6000 above or even 6100 and forming a top in january mkt will correct severely aftere first wk of jan
kailash123p@yahoo.co.in (12/30/2012 6:28:23 PM): but after first week earning season will start
kailash123p@yahoo.co.in (12/30/2012 6:29:06 PM): on 11 infy will kick start
Gopal (12/30/2012 6:29:59 PM): no earning will keep the mktup if it has to go down, also earnings are not going to be to th e expextation of the mkt
Gopal (12/30/2012 6:31:06 PM): Infy has become a white elephnt and cannot keep its guidance
kailash123p@yahoo.co.in (12/30/2012 6:31:16 PM): ok
Gopal (12/30/2012 6:32:17 PM): And no company in the world can perform or be at its highest level for ever-has to revert to the mean-infy no exception- already down from 3000
kailash123p@yahoo.co.in (12/30/2012 6:33:05 PM): ok
Gopal (12/30/2012 6:34:19 PM): Usually infy tops out before mkt tops out and u can see it first infy topped out then only nifty made a high and topped out
kailash123p@yahoo.co.in (12/30/2012 6:35:19 PM): gud
Gopal (12/30/2012 6:35:51 PM): thank u
PooSai (12/30/2012 7:30:52 PM): GE sir...... as per my view coming week going to very important week and if fiscal cliff succeed market will break range and it will head to north we can see new high but if there is no good news for market it will break range and will head to south......we can see 5750...
kailash123p@yahoo.co.in (12/30/2012 7:31:48 PM): ok
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