Dear Vinzz Weekly Spot Nifty levels
R3-5577 R2-5476 R1-5425 PIVOT-5375 S1-5324 S2-5274 S3-5173
Monday watch 5325 for break down and 5415 for break-out i expect some mild pull back Max.up to 5270 and worst case scenario 5170 below this some serious correction underway ...but there is no sign of bigger correction yet... expecting market to consolidate in a rage before break out to make new high around mid March as long spot nifty holds 5170.
R3-5577 R2-5476 R1-5425 PIVOT-5375 S1-5324 S2-5274 S3-5173
Monday watch 5325 for break down and 5415 for break-out i expect some mild pull back Max.up to 5270 and worst case scenario 5170 below this some serious correction underway ...but there is no sign of bigger correction yet... expecting market to consolidate in a rage before break out to make new high around mid March as long spot nifty holds 5170.
Respected Sir i have a small question
As we are actively following Brazil Market and our charts are 90%-95% same last year they made feb lows we made the same the broke the lows same we did now they are trading at a very high range like nifty is at 6mth high but brazil is at more than that and wrt brazil charts 50EMa have crossed 200EMa i read some where that this crossover leads to a starting of a bull driven market
see the charts
now my question is are we into a kind of bull market and we should expect a lvl of 6300+ very soon or what we are seeing is just a timepass rally as the volume is very high every day fiis are buying and buying but diis are opp so i think calling a timepass rally would be wrong
as per my research i feel a 3weks consolidation within 5170-5500 is expected and nifty (spot) should remain in the given range
i feel your levels are not only basd on technical studies but also involve some astrological studies also any way its just my feeling
if tomorrow we open around 40-60 points Gap Down which i feel could happen so should we risk of buying in that dip or can we see a 2-2.5 percent of bloodbath and please can u give the lvl where below/above should we sell or buy tomorrow after market opens because we are certainly going to see a Gap down so the lvls which u gave will not prove to be that helpful as live market which will show
Thanks in advance i hope i did not bother u in any way