ashutoshgoyal

ashutoshgoyal

Settled in blue channel respecting support at ~6500 and resistance at ~8500. Lets see on which side it comes out of channel again. Outside the channel Green trendline is next resistance at around 11K. While support at Red(6650) and blue(4100) trendlines.

ashutoshgoyal Updated 

First support found at 6000 and it is in channel now. Next down wave should take it to around 3500 in coming days.

ashutoshgoyal

Target level for 2018 Year end ~7500 target level for 2019 year end ~9200 NITY P/E should also reach around 18 by 2018 end.

ashutoshgoyal

US bond yields should start falling soon for many years as monthly chart shows. Time to buy US bonds.

ashutoshgoyal

immediate support at around 6500.

ashutoshgoyal Updated 

Head and shoulder pattern in making from 15th Feb on 30min Nifty. Weekly closure (14th apr) below 9185 is first test. More trendline supports at around 9050, 8810, 8300.

ashutoshgoyal

Use extreme caution as Nifty medium term channel resistance is near. Unless breaks convincingly above 9000 in next few days Nifty may fall towards 8000.