MURUGAVEL

UNDERSTAND THE UNDERCURRENT

Market is not Bull & Bear alone but beyond that... This LEOPARD 's action is one more learning.  Observe  &  Act  

"Some one said"

Comparison of BRAZIL and INDIA price movements are just en-lighting   the TRENDS. Listen the TREND and not listen the so called intellectual and fund managers views.  (because they may go wrong most the times, but the TREND is always indicate the real picture.). BRAZIL  62 Months DOWN TREND Down by 49 % INDIA - 12 Months DOWN TREND Down by 25 % **** BRAZIL -  28 Days UP TREND  Up by 28 % INDIA - 4 Day  UP TREND Up by 10 %

NIFTY (7222) - Chart of NIFTY was posted on 15th Jan  with marking. (that time it was trading at 7500+.) Once again i repeat the same chart with same marking and now it includes  the Budget day low. *** NIFTY 2011-2016 **** NIFTY 2008-2016 ***** After gone through the above two charts, any body can understand the importance of 6800+. Can come to a conclusion that  completed the first leg of rally top of 9119 and its correction bottom of 6825.  ****** Now it is time to start the second leg of upward rally but it is very long time consuming process. (lot of consolidation , congestion, grinding and little bit of volatility will be part of the process) ******* In case if it close below 6800, then we will look the next downside pan out until then forget the down side other than 6800+ bottom.

A RVIND (239) - See the post dated 04th Feb, now closed below the mentioned down side target now what next ?  Last hope and Support 220--210 but below that Ultimate downside targets  110-100 & 70--60