magnet call for tuesday
as i said in my last post one can short sell its nifty at the level of 4262. and today's high was exactly 4262, now as i was expected straight correction up to 4205, its look like that market has chosen the range bounded way of correction( the range was 4230-4262) now for 2maro lot will be depends on how dow jo behave tonight. if dow jo ends in green then expect my short term target of 4305 will be achived in 2 days from now. and if dow jo ends in deep red then one can expect correction till 4205.
coming to medium term secnario
as i have written in my last post that my medium term target for nifty is 3900.
now let me revised my target little bit, as for now market is looking for its trend. now medium term trend will be made on decisive break out of 4305 or 4200, so for being now one can buy nifty for minimum target of 4305.
est 4305
st (i will tell u when we will achieve 4305)
mt 3900/ 4430(if market close below 4250 on friday then 3900 and if market close above 4250 on friday then 4430).
for being now buy nifty for the minimum target of 4305
warm regards
magnet man.
NOTE: ALL THE GIVEN TARGET ABOVE, ARE BASED ON MY OWN RESEARCH, AND ALL INDICATES THE NIFTY SPOT
LEVEL (NOT NIFTY FUTURE).
EST STANDS FOR EXTREME SHORT TERM AND THESE TARGETS LIKELY TO BE ACHIVED IN 1 TO 5 DAYS.
ST STANDS FOR SHORT TERM AND THESE TARGETS ARE LIKELY TO BE ACHIEVED IN MAXIMUM1 OR 2 WEEKS.
MT STANDS FOR MEDIUM TERM AND THESE TARGETS SHOULD BE ACHIEVED IN 1 MONTH TIME PERIOD.
ALL THE TARGETS GIVEN ABOVE COULD BE REVISED AND CHANGED ACCORDINDING TO MARKET CONDITION
SO BETTER ALWAYS GO FOR EST AND ST TARGETS.
