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Showing posts from September 2, 2015

NIFTY - when the chart speaks

Image
To click the above chart to get the zoom view.
NIFTY (7785)
As per my understanding, distribution already done and next process of fall also already started so expect 25% to 30 % fall from the High of 9119 , after that the next accumulation process will start ,  afterwards  next  rally will follow. In between , may or may not,  some pull backs will come and go and these are all, can treat as, steps of the process.
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pull back means 8000+ , 8200+  or even 8400+
25 % means 6800+
30% means 6300+
Let us see what going to happen in the coming weeks and months...
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Note : Macro levels were already posted here on 03rd June itself, now, just refresh with chart , that'll.