Yesterday,early morning..i wrote this
"as PER MY study..a move above 4424..and than a close above 4494..will create a strong upmove.and will confirm a strong HIGHER BOTTOM FORMATION ( first bottom at 3916), in nifty."
with an unexpected strong upmove rally...which crossed 4424 instantly..stayed around 4475 for the whole day..gave one buying opportunity for intraday players...but again nifty just couldnt cross the level mentioned here..4494..nifty couldnt cross this level..made a high of 4492..and came down sharply in the last 30 odd minutes.
THIS is a perfect exapmle of sideways markets...which is very lackluster..for positional traders this period is like a nightmare.
TODAY being the last day of the week..its very important..for nifty to atleast give a close above 4425..which can atleast suggest that..theres strong buying coming at lower 4350-4380 band.
I had already mentioned that..we may be in a dull phase for atleast a month..15 days already gone, in a very small range.
watch a close above 4494 or a fast downmove below 4350.
2 comments:
Naikji,
Your comments on my astro analysis posted on 27/7/2009.
dear friend..i wanted to post my reply on your first comment itself,than i tried to reply by mail also,,but.i didnt, coz. i felt as if it was like talking n replying to an unknown and unfamilier person..as you posted ur valuablr comments as ANONYMOUS..post with a clear identity..a request.and yes having no such deep knowledge, but i do believe that astrology can play a part in predicting human behaviour..so its possible to use it for markets..but for me as you can see my past track of analysis..technicals is the best tool..yes urs was a welcome comment..and offcourse when it matched with my analysis,it worked.
i am interested in my lifes astrological views by you.!!!!!
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