In 1st Chart , Nifty has given a monthly close above 161.8% Retracement Levels and Ready to Move towards 12917/12176 Levels in Mid-Term . In 2nd Chart , I showed how did Nifty Respect Retracement Levels in Past ... So Better to Avoid Datas Such As PCR and India VIX and focus on trades . After Completion of 2nd Phase , We can see A Correction , So Better to Sell At the Top and Have Some Vacations ... So That's All from My Kitty ... Good Luck !!!
Trade active
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Slow And Steady Rise will be Fast & Furious After Budget ... :)
11400-11600 max i guess....but would be great to see 12900. best buy as of now is 10500 to 10800.. i like the discussions very informative...
Parasuram
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i don not see market extending beyond 11250! but markets always surprise us. let us see.. only fools predict the market.. all i want to be on the right side of the market
Mohit_Jangir
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@Parasuram, Appreciate Your Opinion ... I want to be that fool :D :D :D
Parasuram
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@kbmj, i said about people generally predicting markets.. you are only giving your analysis... technical.. I thought about people saying blindly
so you heavily long on Nifty with a stop at what level? or no stop loss at all??
Mohit_Jangir
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@Parasuram, 10580 is the SL on the Charts but I am maintaining A SL at 10800 ... :)
Parasuram
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second phase extension after budget ?? u must be kidding
Mohit_Jangir
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@Parasuram, I am serious ... Fibonacci Levels are Very Strong Resistances/Supports ... Nifty broke out 161.8% Retracement Levels ... It is ready for 12917/13176 Levels :)
sir ji