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[kkseal]

On the Sensex too we seem to be at a crucial level. Either we bounce back between here & 15110 or else there'll be some more slide.

Regards,
Kalyan.

 

[renu daga]

HI MEMBERS
now since nifty has fallen down,,,,,well not fallen ,,throwed down and broken into pieces...everyone is ,looking for levls of its holding ,,no one can ,,excatly pinpoint ,,but still i would add my views,,,from4100 to its high nifty has today itself retraced 38.2%,,,bangggg........we can see some rest ,,at 4400 in cash which is not far..
but then to be more precise looking monthly/weekly chart..4200.levls
senior members pls do commnet on this..everyone is looking forward for ur views on nifty support
tom on monday nifty in cash will face first tgt at 4375,,,,,


congratulations to manish ,,and many of who had slept well today after such ferocius nights....,,and second to there guts and patience

renu

 

[amitt29]

I have two levels below which it cud be mayhem.4350 and 4290.But i expect a relief rally/resumption of uptrend by Tuesday.

Mantaining 4480 would be vital.But i daresay,theres some more pain left.Its not unusual for swings to find support at these fib levels,but what you look for is amount of pain.

 

[phoenix]

I have two levels below which it cud be mayhem.4350 and 4290.But i expect a relief rally/resumption of uptrend by Tuesday.

Mantaining 4480 would be vital.But i daresay,theres some more pain left.Its not unusual for swings to find support at these fib levels,but what you look for is amount of pain.

Thanks Amit!

 

[uasish]

I have two levels below which it cud be mayhem.4350 and 4290.But i expect a relief rally/resumption of uptrend by Tuesday.

Mantaining 4480 would be vital.But i daresay,theres some more pain left.Its not unusual for swings to find support at these fib levels,but what you look for is amount of pain.

Thks amit,will watch the same.

 

[amitt29]

Very Important day coming up tomorrow.May prove decisive for the short and medium term uptrend.

The levels to watch remain the same as before
4430-4460-4480.

 

[amitt29]

http://www.traderji.com/103990-post129.html

http://www.traderji.com/104221-post135.html

Ah life is so simple.Chaar din pehle mallom ho ki kab gire kitna gire,kahan se uthe kab uthe.
It would be like a cliche,but told you so.
Now then since it has given a good positive close,i expect 4490 to be important for the coming days.Use your favourite indicators and get on with it.

One more thing,follow the ftse.

For the time being I go to sleep,leaving the boys to return.
I like this market.

 

[uasish]

"leaving the boys to return. "

Liked it.

 

[Saint]

I have two levels below which it cud be mayhem.4350 and 4290.But i expect a relief rally/resumption of uptrend by Tuesday.

Mantaining 4480 would be vital.But i daresay,theres some more pain left.Its not unusual for swings to find support at these fib levels,but what you look for is amount of pain.

Spot on,Amit......nice!

Saint

 

[amitt29]

Okay.
Today was a carnage.The 2nd biggest decline.Wheres India's growth story headed.Sentiment has been considerably damaged.

I can count a perfect Impulse(5 waver)from recent top.It has obeyed all the basic laws of an Impulse.Is it the start of bear market,a secondary correction et al.Well i reserve my judgement for the time being.A few alternate counts are possible at this moment.A dbl zigzag or zigzag flat from top.
The direction is pointing towards sub 4300 levels for the moment.Short term supports is at previous tops at 4365-4260.Short term resistance at 4357-4403-4430-4480.

Short term momentum is extremely oversold.
Extreme short term resistance at 4357.

Its not looking good.