hi, all.
just presenting a chart of nifty.as i feel our market is at a VERY VERY crucial stage.though technical,i would like to explain THE STAGE in common ,understandable language.
markets generally run through CYCLES. we have seen a BIG upward cycle from 2003--2007. this up ward cycle was at its pick in jan-2008.there after a BEARISH CYCLE started. it seems that ,bear period had ended in march-2009. but its not 100% true.
IF the bearish trend started in jan-2008..has actually ended, than we may cross 5213 in nifty soon, and than ,we will march forward to may be 5500--5900 or even newer highs.we need a weekly CLOSE above 5213 for this to happen.
BUT , if the correction that started in jan-2008, hasnt yet ended, than it CAN develop in a tringle over 2008--2012(approx.),,in that case, we may have started THE SECOND leg of the entire corrective TRIANGLE.(SEE TH ATTACHED IMAGE).
in that case, 4833 is the most important level for nifty and 15160 is the most important level for sensex.more importantly the two CHANNELS drawn on nifty chart,will play an important role.
1 comment:
Bhaveshji,
we may see a new high in next
15 months astrologically.
also from 20th May upto 1st June 2010 should be very painful.
And you your self may go on a foreign trip from 2011 to 2013 roughly. You may see new highs speculatively in this period.
Shyam
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