Revised Article: 01/12/2012
Where We are Heading? I would Say nifty To Test 6159.
Hi guys , Well Let me bring your attention to some points which as a continuation of My pervious Article.
I send to you a report on NIFTY, on March 2012 about My View and Finding. That time it was Revealed that Nifty will Test 6159 & Nifty was Trading at 5000-5400 levels. And I expected a Strong rally Based on Budget, But Nothing Specially Came into existence on Budget. But in That article it was mentioned about a Rally to continue for 20 months. which will be a historical repetition. Now Nifty Completed 12 months Rally & 8 months remaining. Now in this stage Nifty is Trading its 19 month high of 5917 (30/11/2012 @ 13:30) If we consider 61.8% of the time frame and Rallied price we get, 12.36 months and Price of 1088 which we get nifty @ 5626 ( 4538+1088 ) , And this is the 12 month and remains 15 more days only for the completion of Time frame (61.8%). Above this we need to get 100% which is another 8 month rally. In Reference to Time/ Price Retricement It was observed that 74% of Retricement have some kind of importance . So It might be a Portion we can Halt Nifty @ 74% which means Nifty to test 5870 which is already tested. Now in case of Time frame 74% of 20 months is 14.8 months . In that way Remaining 2.8 months.( almost 3 months) what ever the matter is nifty will be keep Bullish only Till July 2013. Before that it will do its best.
And if we consider current stage , Nifty Completed its Sharing of 61.8% (5626) & 74% too ( 5870) & the next is 100% which will be equal to 6300 again.
So conclusion is : We will see Nifty To Hits 6159/6300 before July 2013.!!!
And One Can accumulate Nifty with Strict SL of 5555.55 future level,
Why we need to use 5555.55 as Stop Loss.
3 Reasons
1st Reason:
As per the Punto Theory 5555.55 Is a Crucial Level Which will act As a Strong Support, And Below that Heavy Panic will Come in Nifty.
2nd: Based on
Trend Line Break Support, starting from 4538 extend to primary Line closing to point of 5000 levels and joined second Trend Line joining 4760 (04/06/2012), 5034( 26/07/2012) & 5237 (06/09/2012), which the first 2 points(5034-4760) gives 274 points which created in 38 trading days and the second 2 points (5237-5034) 203 points ,which is 74% of the 274 and for creating this 203 points nifty took 74% of 38 trading days to complete . It comes 28 trading days. So if we look the 2nd half then 74% of 318( 5555-5237) we get 235 points, and for completing these 2 points it took 51 trading days. So next Support Point may come around 5790 (5555+235) which am expecting to make on or before January 17th 2013 which is 74% of 51 days , is 38 days.!!!
This all expectations are based on Historical Charts and its moves , What similarly we are watching is Repetition , The re birth of History !!!
3rd :
In Numerological 5555.55 ( low created on 20/11/2012) , was a special figure which indicated Single odd number and Fancy point, If this happens in market then that level will act as Support/resistance .
So I expect Nifty Not to break 5555.55 in coming days and also point out the figure 5733 will be a crucial Support for Next Trend line point.( which is average polarity which Nifty Can Volatile)
Here in the case of High Creation and Low , Nifty is Maintaining 30 days equal interval time frames. So after the high creation of 5855, nifty traded 30 days to create the low of 5555.55, so as a reverse effect expect another 30 days for a boom to get nifty a new high.
Conclusion: Market Mood Still Hold Its Bullish Trend and expect Nifty Test 6159/6300 soon Before January 17th 2013.
And The Maximum rally Will be came to an end Before July 2013.!!!
Disclosure: This is not a Recommendation to Any one To Buy or Sell Nifty / Stocks. This Statement is purely based on Technical Analysis and Personal Observations, the Result expected Only. Market investments are Subject To Risk. Do the trades only with Your own Risk.
Thank You!
:
Hi guys , Well Let me bring your attention to some points.
Where We are Heading ? I would Say nifty To Test 6159.
Why because , Nifty Started Falling from its peak 6300 level it fallen to test 2228 ( for that it took almost most 10 months then it consolidated for 4 months and there after it started slowly up, and after consolidation . 3rd month Nifty Created an Up Seal.( 3597--4323 ,, on 18 /05/2009), And it retraced 100% of previous fall tr to 6300), There after it started falling again to 4747, for the same Nifty took 10 months to complete the fall. Then again consolidation between 5300--4500 its also took 4 months, Then slowly up, now this the third month, So what happed till Now is A repetition of History. ( As the same happens in fall also). So if the history to repeat then we would see another up swing to 6300, because what happed consolidation was 100% retricement to 6300 na...
And another Point is H&S patter Creation in Nifty Daily chart Break out through the head. Height of 760 points( 5399-4639= 760 ) So upside target is 6159( 5399_760)
And Another Point is Last time Nifty Made an Up freeze due to the political Game of Election, and it was in the month of May 2009, and it was on 18th..
This Time Almost same Game , Political Game, called BUDGET 2012, Can we See another UPPER FREEZE. and Oh My god DId u notice the date of this BUDGET yes it is on 16th Friday, ( After Market if Something Happens positively Then History again Hits, Yes because 17, & 18th Holiday ( Saturday & Sunday) Then Next Monday History will Repeat . So thats Up to that.
About Time Frame ,What Happened in past ( 10 month fall. 4 months consolidation then 20 month rally to New High, And Then again 10 month fall
4 month consolidation , So what Next 100++% retricement and 20 month rally?? So if What will Happen Nifty Will Hit??? will be Published soon.
So let See NIFTY @ 6159 and Ultimate 6400+++
Disclosure: This is not a Recommendation to Any one To Buy or Sell Nifty / Stocks. This Statement is purely based on Technical Analysis and Personal Observations, the Result expected Only. Market investments are Subject To Risk. Do the trades only with Your own Risk.
