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BEARS SEE SENSEX @ 15000 / BULLS SEE NIFTY @ 15000 PLUS


STUDY BASED ON DOLLEX 30


We at team NTD carrying this story from 2008 all time high of 4430.03 to low of 1261.51 in same year. Broader range is of approx 3150 from last eight years or so making higher top & higher bottom formation with huge rising channel. This time DOLLEX -30 has made higher top of 3990.01 in march 2015 compare to previous higher bottom of 3918.30 made in November 2010.

After making fresh high DOLLEX  30 is in down trend breaking its important mark of 3000 level, now its quoting at 2761.55 levels with extreme pessimism in market.

Technically if we draw a trend line with previous two major bottoms, conclusion comes that major support is at 2650 level (More 100 point below from current level).

  Secondly if we see on monthly charts DOLLEX- 30 is developing huge triangle with rising channels from 2008 levels. The breakout level of this triangle is at 4500(upper level of first rising channel) which will break its previous high of 4430.03(Made in January 2008). The next upper level of channel is at 5200 followed by 6300 further one.   

So ultimately upper targets for DOLLEX 30 comes at

1.    4500
2.    5200
3.   6300...and much more in coming next eight years cycle. Almost more than 2 times.

If we merge this target with our BSE SENSEX, it comes at 52700 in next eight years.
Finally we at team NTD see BSE SENSEX to touch the level of 52700 rather than 15000 when compared with DOLLEX  30.

So from these levels (BSE SENSEX @ 23000,) buying is completely in favour for above mention targets with stop of 19900 on monthly closing basis. There are multiple supports @ 21000, which were previous resistance areas, We take 19900 as support point stop loss , which is the Low made in 2014 of the breakout and this is a monthly hammer low...    




DOLLEX 30 (MONTHLY CHART)



BSE SENSEX (MONTHLY CHART)























{12 FEB,2016}



Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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