Nifty’ about to complete another abc pattern, if a = c , which is approx: 400 points, can find a target near 10015. The last 2 candle were too bearish and looks so scary. But don't worry as we are still in an uptrend. The support marked 10104 is actually a trend changing zone, is protected well so far, matches with the 50% fibo level too. Hence I believe that nifty’ will find an earlier support at around 10080, or may be around 10050 ie: near the midterm Trend Line. Watch for a divergence in your indicators for the probable u turns ant time now.
Hello every one I was away for a family function, and was not able to follow up the market for few days. I Welcome everyone for your kind cooperation and warm supports. I will make all efforts to deliver you the best, as and when the time permits. Thank you all.
Hi
Good to see u again. Well a question in mind. In 1st quarter market generally makes bottom each year and i am also expecting the market to correct during 1st quarter most probably feb - march 2018. Ur views on that along with levels for the next quarter, if possible.
Thanks v much.
padiyara
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@Marketpassioner,
@Marketpassioner,
Market predictions and comments can comes true in a 50 - 50 chance. What we only can do is to analyze the future price with, the trend in price movements, general market condition, economic status etc etc.
Look at the 10 year chart and see that, your statement is right on five place and another 5 times it is the other way :D . if we want we can say that in most of the first quarters the market was moving side ways, as if it were waiting to catch a trend. And if turned good it gives a nice returns, and the reverse also is true
However we have 3 more months to see another data. I expect market to cross above 10700 in coming months.
The King of Riding the Waves is back... :-)
Nice to see you again after a long time sir...
Hope you had a great time with your family...
Happy trading...!!!