Target for nifty 5014 was achieved..there are still some higher levels which can be achieved, for the current rally like 5175 and 5330..the rally has got very good momentum too,a fall from here around, may and should give another buying opportunity for the short term..but NOW as the upper targets like 5300-5600 are getting CONSENSUS view..i think a correction is due.
there is a very steep trendline..and a SMALL RISING WEDGE..ON sensex chart..if the support line is broken ,which is very likely..we should enter a deep correction atleast.
1 comment:
Dear sir, really wonderful system you have got. Your observation of Nifty is superb. Will you please clarify what levels we could expect tomorrow on the expiry day and in October series, sir?
I expected a correction last week itself around 5936 as I thought that the market is in a overbought zone. But the FLOW disproved my view.
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