future course for sensex/ nifty

HI , all.

Our markets have lately started to devite from the whole world markets, lately. Especially in recent few weeks.

i.e. if dow/ world markets have fallen sharply, our markets too have came down,,,but not as much as others. And just a small bounce in the world markets, and nifty suddenly has jumped more.

That is how, if we look at the major world indices, , its clear that most of them have broken/tasted their may-2010 lows, while our markets, have not.

Now, this will have good impact, if weak looking dow or ftse or dax..starts falling more severly after some corrective up-move, in coming weeks..

for us, our channel is the most important support.

And up-side is capped around 5425-5435...if the hns pattern works.

If 4960 and the channel gets broken, than down side can easily open up to 4586—4210.

remember, any markets CAN NOT remain in such channel,,for much longer.

A BREAK OUT on the either side is bound to come.

For our markets, the downside break can come, may be after nifty touches the upper channel around 5435...this is possible, if after some correction on the upside, the world markets, again starts crashing.