Yesterday within minutes of markets closing,i had a glance at both nifty and sensex charts,and i
found that in nifty 4450 was an important level and was breached.....for sensex the same level was at 14600 around...which was not broken !!!!!..not only that but 30 min chart of sensex was showing a positive structure( offcourse if the trendline drawn yesterday supports)...i am just posting the hourly chart...and see how clearly the trendline drawn yesterday supported the markets...
Today morning itself,i wrote about importance of 4450-4480 level...once entered in this zone ,nifty SUSTAINED there and the end result than was expected.
So,structure of sensex and levels of nifty worked today.......
Conclusion..BULLS are back in a single day....now its the turn of reliance to lead the fresh rally,and take markets beyond 4630...to a new range may be upto 4700+..more on this later.
2 comments:
Boss what happened to ur nifty down ward targets,do u expect tomorrow we may rally.i dont think so.we will drift lower than 4400,what do u say.
hi,please have a look at both nifty and sensex charts ,posted yesterday..and also read my morning post which said 4450-4480 crucial levels !!!and for the intraday movements which have potential for such smart recoveries from lows,you have tobe my client to be informed on ym !!!,ell me how can i post on my blog, about such faster reversals ??
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