NIFTY - ALERT (10th OCT. 09 opinion repeat)
Please refer 10 oct.09 opinion (only changes are nifty numbers).
NIFTY - Now it closed below 5000 so 6 months uptrend trendline (first wave of this mega bull trend ) was broken and confirm the major correction. It may be 20 % to 30 % fall from the top of 5182 (20 Oct. 2009). Major confirmation will come, once it close three days in row or weekly close below 4646. so it is time to act.
NIFTY - Now it closed below 5000 so 6 months uptrend trendline (first wave of this mega bull trend ) was broken and confirm the major correction. It may be 20 % to 30 % fall from the top of 5182 (20 Oct. 2009). Major confirmation will come, once it close three days in row or weekly close below 4646. so it is time to act.