i was expecting nifty to take support at 4920(50 dma)/4914(4914 lies exactly on tline connecting recent lows). i think yday was a bounce which may continue till 5100-5175 then a further fall upto 4800, then a fresh upmove begins thereafter, some months back i was viewing terminal impulse development on 5th monthly(ew) and currently this view of mine is also based on that, if it goes this way then that thinking will be ratified to some extent.
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past short term calls follow-up/performance***(stocks to watch)
date,stock,reco price,high,% gain at high
***all analysis are based on self chart study only, actual trading gains may vary.
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Tuesday, May 13, 2008
Posted by abhay r somkuwar at 9:43 AM
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