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    Thursday, October 16, 2008

    nifty view...

    nifty moved as per expectation on upside as well as selling pressure again came in, as given in my 11th oct's post. i hope the readers were benefitted.

    now the recent low 3199 is under threat of being broken on downside today or coming days.

    after this immediate downmove completion a tradeable bounce will take place and finally a test of 2997 or lower iam expectiong in coming days/weeks, this view has also been mentioned in my previous posts.

    this is my roadmap which will still take some more time for the bottom for this year to be formed.

    Posted by abhay r somkuwar at 7:05 AM

    3 comments:

    Praveen Vishnu Shamain said...

    Dear Mr. Abhay,

    Thanks for your valuable follow-up updates.

    I have a request for you.

    If you dont' mind, can you please put your views also in a graphical format with wave numbering and anticipated price movement.

    Please consider it as a personal request.

    Thanks in advance.

    With Regards,

    October 16, 2008 at 1:25 PM
    abhay r somkuwar said...

    dear praveen, thanks. yes i will post my ew eod chart, however the tgts will be tentative due to varying magnitudes of the pending waves.

    regards.

    October 16, 2008 at 2:04 PM
    Praveen Vishnu Shamain said...

    Thanks, Mr. Abhay, for accommodating my request.

    With Regards,

    October 17, 2008 at 2:15 PM

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