Sunday, December 30, 2012

8 years monthly Nifty chart is showing that ...

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...

Weekly chart is showing consolidation phase ...4 week consolidation within 125 points  range  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

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  break out will be above 5940  and break down  below 5850 .

20 sessions of range trade at 3 months eod chart will this range break in first week ...

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 (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 (12/30/2012 6:28:23 PM): but after first week  earning season will start (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 (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 (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 (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... (12/30/2012 7:31:48 PM): ok

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