This chart was posted by Me a few days ago... maybe 2 odd weeks ago. IT holding 32820 apprxx this coming week on a closing basis will LEAD the WAY. There is Some sort of sector Rotation going on..... while PSU Banks r Rising, Pvt Bank are falling. This does not mean that the Run on Pvt Banks is OVER. NO ..... It is NOT. For NIFTY to reach where I think it must @ 39000+.... all sectors will have to fire to SUCK IN THE RETAILOR Into the EUPHORIC PHASE. That case to Me has not started yet, Primarily because PENNYS haven't performed as they did in 2004-6 . There has been much HYPE regarding CRUDE moving UP. While Noise is being made that Crude is responsible for the pullback............ go back in HISTORY and you will see that Rising CRUDE has always AIDED STOCK MARKETS. Frankly........... those who trade should be worried about the WHIPSAWS............ I am not, as I am heavily invested into Pennys.
Comment:
There is a TYPO mistake on the level ...... 38820 MUST BE READ AS 32820