as has been said for last more than 6 months about the nifty reaching towards 4700 and a roadmap chart/graphs also been posted on the blog, finally we're here to near 4800 ! readers had been previously been asked to book investment positions with accurate tgt 6340 and for those left with open positions on long term investments later on were advised to profit booking on bounce upto 5900 where indeed it went and turned back downward. and on final dip and bounce nifty could not cross even the initial fresh upmove decider lvl of 5700-5750 which was mentioned in my posts, thereafter coming down again on large selling and profit booking to 4700.
so dear friends/readers, most stocks have come down heavily and looking good at cheap and attractive valuations. and after this big correction, the nifty is oversold on both eod and weekly charts and is near to major support 4780 or whatever and there is expected to be a bounce sooner but pls wait before making fresh investmnt.
6 comments:
Hurrey Abhay
It's quite surprise that i am able to open your blog.
Inbetween it was showing "blogger for invitees only" hv done anything like this?? :P
regards
Hi..Abhay,
Wish you a very Happay & Prosperous Deepavali.
Best wishes.
ilango
the move from 4628 looks like a zigzag, internals of zigzag should have 5-3-5 waves. As of now we have done with a 5 wave and a 3 wave. so expect a 5 wave upmove to start on monday
http://niftybn.blogspot.com/2011/11/25th-nov-2011-4-pm-post-market-update.html
Hi abhay
Wishing you and ur family "A very Happy and Prosperous New Year".
Sabbatical??? hope too busy :P
regards
hii..
Nice Post Great job.
Thanks for sharing.
Hi there where are u these days we miss ur views. Please reply back
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