ShreeKrishna

Change in Structure ( Revised Out look )

Long
NSE:NIFTY   Nifty 50 Index
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13
Previously I was looking for an Extension before sharp correction with in the structure ,

On Friday close its now clear that the correction would occur before any rally , and this gives an another indication that the rally would go far more ahead then

previously expected , I am looking an way above the All time high , My forecast now stands as 12600 + , it sounds crazy when everyone is looking Economic , Stressed

assets , Currency devaluation , but in reality ( My personal opinion ) its Going to make new high

Look for buy set up after this brief correction ,

Good luck
The one who is weakest in Mind will look for commenting in others Chart with abusive Mentions , Reach me for your Quarries

wave.traders@yahoo.com

Comments

Nice Analysis as always, @ShreeKrishna Sir.I was hoping for correction till 10800 or 10550 for next rally.But this deep correction is really interesting.This might be the way of market to clear weak hands from it and to fool both the bulls and bears and then go for new high which you have suggested.If possible,please try to explain in bit your thinking behind this.Thank you.
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looks like this movie is now completed, we are heading for 12000 levels
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Still the same pattern or any changes sir ji
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I m not expecting further correction... 10900 is okk
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I was hoping to see 10850 10900 zones as reversal zones but your zones seems to be 10270 10300 that's too deep correction...
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@HarnishM, Yes its correct , any rally if you are forecasting ( based on Methods which have given results in the past ) the correction to the said Extent is necessary , and the Trend extension to New High is only possible after this visual pattern terminates its correction near forecast of 10277
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VishalSancheti ShreeKrishna
@ShreeKrishna, today nifty is 11200+ and you are looking to start correction in nifty from 11200 levels as per visual pattern but on contrary you are looking bank nifty at 26000 levels before correction..
This way nifty will reach 10600+ to meet the target of bank nifty move sharply to 25-26k..
Reply
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