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Nifty: Chart set up and Sensex historical chart co-relation

NSE:NIFTY   Nifty 50 Index
Nifty

- We are looking at Nifty monthly chart
- the co-relation of Nifty and Sensex Chart of 2006-2008 has been discussed earlier too
- Now we are looking more closely and in to the details

Sensex chart time frame 2006-2008

For levels look at the right hand side of Sensex chart



Things are self explanatory.

Whether it would follow the same pattern... only time will tell...
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So far... Many of our Long trades in stocks (you can see my history to understand our stock views and their targets or can see some of the ideas in the related link below) have been based on this view for Nifty posted earlier


We would be looking to book profits in some of the counters.

Take care & safe trading....!!!

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Comments

VERY GOOD observation,when do you think re-testing to 12400 will happen? in jan 21 or feb21? please give your idea/expectation.Because generally market corrects in second half of jan/early feb.at 14500 all indicators look highly overbought.weekly rsi at 80 monthly at 71.stochastic-weekly 99 monthly 98.55
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