NIFTY SPOT
IN CONTINUATION TO MY POST OF YESTERDAY, IT IS PRUDENT TO CAUTION THAT ALL SHORTS MUST MAINTAIN A VERY VERY STRICT STOPLOSS OF 11945 ON NIFTY SPOT. ALTOUGH NIFTY MAY BE IN THE MOOD TO TREND DOWNWARDS, BANK NIFTY SEEMS TO BE THE STRONGER ONE AND IN NO WAY WANTING TO DRIFT DOWN. THE ONLY ZONE WHICH WILL CONFIRM A DOWNWARD TREND IS A BREAK OF 11855-11870 ZONE..... BELOW THIS NIFTY WOULD IN ALL HIGH PROBABILITY DRIFT DOWN TO 11545 LEVELS APPRXX.
1. EVEN THOUGH WE ARE IN b OF ii OF 5, AND HAVE SUBDIVIDED INTO AB, C DOWN STILL NEEDS TO BE CONFIRMED. HAVING SAID THIS, IT IS ALSO POSSIBLE THAT WE ARE GOING THROUGH AN EXPANDED FLAT PATTERN CURRENTLY, AND INSTEAD OF AN ABC, WAVE ii MAY TRUNCATE AND MAKE ONLY I AND II . HENCE INSTEAD OF AN ABC, WE WILL END UP WITH I AND II ONLY, AND THEN MOVE UPWARDS.
2. THE UPWARD TARGETS FOR NIFTY ARE 12140 ..... THEN 12420.... AND ABOVE THIS 12600-800. PLEASE DO REMEMBER AND I WILL KEEP REMINDING YOU ALL ..... THE UPWARD WAVE WHEN IT UNFOLDS IS WAVE 3 OF 5.... IT IS THE MOST REWARDING WAVE BOTH ON THE UPSIDE AS WELL AS DOWNSIDE. IN THE CURRENT SCENARIO, IT WOULD BE WIZE TO BUY IN CASH AND HOLD YOUR PORTFOLIO FOR 1-2 YEARS. THE REASON I SAY THIS IS BECAUSE FROM A MEDIUM TERM PERSPECTIVE, THE TARGETS ON NIFTY ARE WELL BEYOND 13600-14000, AND HENCE YOU ALL SHOULD BE REWARDED WELL FOR THE PATIENCE .
GOOD LUCK AND CHOOSE WIZELY
1. EVEN THOUGH WE ARE IN b OF ii OF 5, AND HAVE SUBDIVIDED INTO AB, C DOWN STILL NEEDS TO BE CONFIRMED. HAVING SAID THIS, IT IS ALSO POSSIBLE THAT WE ARE GOING THROUGH AN EXPANDED FLAT PATTERN CURRENTLY, AND INSTEAD OF AN ABC, WAVE ii MAY TRUNCATE AND MAKE ONLY I AND II . HENCE INSTEAD OF AN ABC, WE WILL END UP WITH I AND II ONLY, AND THEN MOVE UPWARDS.
2. THE UPWARD TARGETS FOR NIFTY ARE 12140 ..... THEN 12420.... AND ABOVE THIS 12600-800. PLEASE DO REMEMBER AND I WILL KEEP REMINDING YOU ALL ..... THE UPWARD WAVE WHEN IT UNFOLDS IS WAVE 3 OF 5.... IT IS THE MOST REWARDING WAVE BOTH ON THE UPSIDE AS WELL AS DOWNSIDE. IN THE CURRENT SCENARIO, IT WOULD BE WIZE TO BUY IN CASH AND HOLD YOUR PORTFOLIO FOR 1-2 YEARS. THE REASON I SAY THIS IS BECAUSE FROM A MEDIUM TERM PERSPECTIVE, THE TARGETS ON NIFTY ARE WELL BEYOND 13600-14000, AND HENCE YOU ALL SHOULD BE REWARDED WELL FOR THE PATIENCE .
GOOD LUCK AND CHOOSE WIZELY
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