resistance zones and fibonacci hurdles.these were of 1)nifty, 2)r-cap, 3)reliance, 4)sbi but i didnt put sensex chart.,one comment i put on nifty chart was watch the 1.618 fibbo. level,which was 4362...this level was arrived by taking the last LEG of the fall which ended at 4207,,,it was from 4307--4207 (please view charts ).,,now today nifty made high at 4352,,it missed by 10 points,,BUT ..as i am putting the SENSEX chart,in sensex the last LEG of fall was from 14482-14179..on friday from this lows sensex bounced back sharply,,1.618,of this leg comes at 14666, and vow !!!!!!! sensex high today was 14668 !!.
AS i wrote in the morning itself,when whole asia was up..that i will be looking for weakneses rather than trying to find buy calls.the markets responded nicely ,quickly falling from highs.
While puttng reliance chart ,i gave a tgt of minimum 1928..it came upto 1933. AND for r-cap
my strong resistance zone..worked.
2 comments:
not able to view ur charts? Y? is there any problem?
Your charts and fonts are not visible,specially charts.take care of that.Your analysis is not understandable.plz use simple language.
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