nifty- next target 10800

NSE:NIFTY   Nifty 50 Index
269 15
weekly chart

at resistance - use buy on dip for 10800
previous analysis

fall came as expected use this fall to add nifty at cmp
Trade closed: target reached
tomorrow full gap down price action likely
@Parasuram, i will look that again an oppurtunity
am looking for 9800 instead of 10800....
@Parasuram, and can u give me reasons for that (technical or fundamental, as i post atleast one reason be it technical or fundamental and on charts till now there is no such sign of falling market 6%)
Parasuram KumarAbhilash
@KumarAbhilash, Here I go! From 2009 no rally has lasted beyond 25 days... Yesterday was the 25 th day of the rally started on 28th sep... Looks like a blow off rally as this rally is largest from DEC 2016.... lows... similar patterns have occured in 2013 where each rallying segement lasted 20 to 25 days... without much corrections.. But the when the correction happens it shaves off 80% to the last rallying leg.... Fundamentally u want.. NIFTY PE ratio is in a bubble territory for quite some time.. and it can burst any time.. One catch.. this fall should last for more than 2-3 days for my theory /pattern to work...Cheers
Parasuram Parasuram
@Parasuram, will the close happen below 10339?????
@Parasuram, no one in this world can accurately tell u about market what will happen especially with specific levels
@Parasuram, only two thing i would like to say u r seeing market on extremly small scale and other things is there is lot of misconception about pe -a) pe range has been shifted upward so market is not very expensive b) pe can be misleading at the time of earning cycle bottom and top(er are at bottom) . c) u just cant say just on pe basis that market is expensive
nages.rao2011 Parasuram
@Parasuram, you are correct with in next week there is a correction.
@Parasuram, 10850 came firat
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out