Today NF open Below 5256 and After making High 5247.25 went lower upto 5171. and close @ 5197.40
After many Try Finaly Nifty spot had broken low 5171 which was made on 7th March 2012. That mean Correction is going for 45 days from high . so 45 day will end next week on 2nd April 2012- 6th April2012.
Hurdle @ 5256
Below 5175 NF will touch 5138-5112.
Strong Support @ 5112.
Buy in panic
Sirji wat is ur view on nifty for medium term view? do u think nifty will bounceback from 5112 level to make new high before diwali 2012? or it will break 5112 & reach 4860 level & then recover to make new high in last quarter (october-november-december 2012) ?
Nifty cannot make high without global market support. IF SNP500 is trading above 1370 no problem and NF must not trade below 5100 after 22 April2012. i m sure after making low of 5112 if nF cross January high on monthly closing then it will not come down again.
Ravi Chauhan
Trader & Investor in Global Asset Classes
“Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics”.
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