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Nifty View


Nifty view...last week we closed at 7765 approx & Sensex weekly close @ 25962...assuming even if infys results are good...we can cross 7765 and may result closing below it, bank nifty closed last week close to 15500...today we were down on that indices too....so on a nutshell tomorrow we will give a negative weekly close...also once we are below 7612 ( Quarter close) and 15250 ( bank nifty) we will be under threat of bullish moves...also if breadth isnt supporting tomorrow we will have severe unwounding...thus markets would be sell at rise...


Also one more thing if we see the whole move from sub 5100 nifty in Sept 2013...we have traveled 11 months of a bullish trend ..which needs to correct time wise too...suppose if we consider 7765 as a immediate top...we need to correct for next 17 weeks which is 38 percent of 44 weeks rise...that suggest that we can see a 3 month time wise correction too...this whole analysis will be reviewed once we cross the immediate top what we made a week back

{11.07.2014}




























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