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NIFTY - CHANGES HAVE BEEN MARKED IN YELLOW | ||||
|
Time |
Target |
Trend |
Reversal |
Trend Implication |
|
SHORT
TERM |
4500 |
Down |
4853 |
1-5 Days |
| Nifty
Daily 15 DEC 2011 5.00PM
HOME
Yesterday I thought that wave iii down had started. Today as we close in on an event its possible that wave ii is of iii is still forming. In that case mostly it would be a running flat that could go to 4810 before iii down to 4500. Its also possible that I was right yesterday about iii having started and we continue to head down. So apart from some short term volatility we should be headed down. 4853 is the 20dma and short term resistance.
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Rohit Srivastava: '
This is a free update on the markets for public reading. My views are
based on my analysis of the markets after years of such analysis, since
1991. Investment decisions made on the above analysis would be at your own
risk and I take no responsibility for your decisions based on the above
analysis.'
Rohit Srivastava is an employee of Sharekhan limited, you may note that Sharekhan limited and/or its subsidiaries /group companies are not connected with this website in any capacity. |
