Wednesday, January 7, 2015

A NEARLY CONFIRMED "LOWER TOP" FOR MEDIUM TERM

Yesterday I Mentioned an Observation Regarding NIFTY & 200 DEMA Over The Last Few Years and Suggested That Its Due Time When NIFTY Comes Down To Meet its 200 DEMA

As on Today The Value Of 200 DEMA Is 7670

When We Look At The Biggest Bull Rally Till date Which was From 2003-2008 We Can Clearly See That in Those 5 years Of Bull Phase NIFTY Came Back Towards its 200 DEMA Nearly 6 And Each Time It Took Support (Breaching it a few times for a While) And Posted Another Big Rally

Observed That 3 out of 6 Times NIFTY Remained ABOVE Its 200 DEMA For Around 11-13 Months
Even In The 2008-2009 Crash NIFTY Remained BELOW Its 200 DEMA For 11 Months Before Crossing it Over

There After NIFTY Remained 9 months Above Its 200 Dema in 2009-10

As On Today Its Been 11 Months That NIFTY Is Above its 200 DEMA

Nearly 5 Times In Last 11 Years NIFTY Has Remained Above Or Below Its 200 DEMA For A Maximum Period of 11-13 Months This History Suggests That Although We Are In A Huge Bull Market Nifty Will Come Towards 7670 (value will change as days passes) Very Soon











No comments: