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My Nifty Levels. (GIRISH)
| From : Girish Gopinath at 11:34 AM - Sep 01, 2010 (18 months ago) |
As I had indicated my nifty levels in my earlier threads 5350 was our first tgt below 5430..... However I was overly confident arround 5430 levels after a bounce from 5390 levels and asked to buy nifty which got promptly stopped out.....
Now watch 5455 levels closely..... If breaks above that then mostly 5350 will be the bottom for some time.......
above 5490 shorts should be covered and we should think of going long......
if 5455 is not broken in the next two days then expect 5220-5260 levels very soon.............. remain short untill 5455 is taken out.... if 5455 is taken out exit the shorts and remain neutral untill further updates from my side......
This is just a broad outline..... will update along the way..........
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on spot we broke 5950? wt to expect boss nw? rally or a little more retracement
GIRISH SIR GR888 GOING KEEP IT UP THANX FOR THE WARNING GOD BLESS U
Warned you all........ I doubt if my calls are reaching anyone.... I am getting no response.....
I think this is fourth wave of the rally from 5350........ wave 1 - 5513-5349 (ie 164 points), wave 3 - 164*4.236 = 694 ie 5349+694=6043...... we came close to that level by making a high arround 6037....... so I think fourth wave is on.......
BUY ON DIPS........ rather than going short...... bye......
Dear Mr. Girish, I am expecting a major correction only in the range 6500-6800 levels. Steep fall of 1000-1200 points expected. After this fall the real 5th wave will start and may reach 7400 levels. This is my view.
http://girishkgopinath.blogspot.com see for further explanation.......... due to time constraints i could not update clearly here....... bye for the day....... further updation will be made here in the evening........
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Caution................... 5900.......... 5820............. 5740.......... is possible............
Back to bangalore today morning............. not sure if the dip will be there or not... but even a sideways move will be enough........ nifty is heading towards new alltime high...... buy on every dip...........
Girish , Howz chennai? I hope it's not raining there. I am going there this weekend.
thanks mr girish u give excellent info --thanks
a dip to 5800-5750 is not ruled out.........
Buy on dips is the mantra............. will definitely cross 6000........
I would not be able to update from now on regularly......... Will try to update at important levels....... going out of station.......... buy on dips........ bye....... and gud luck..........
yes....... looks like we are going for a dip.......... 5700 will be a gud support level.............
Also if tomorrow Nifty moves above 5850 I will cover my shorts and wait for opportunity to short.........
First of all........ there is no reason for the market to move up........... or down for that matter....... Mkts are like pendulams....... if it goes up it has to come down...... and if it goes down then it has to move up......... always it happens and clever people make money taking advantage of this pehnomina....... Again technically Gaps may or may not be filled up....... what abt the gap between 3500 or so to 3800 or so after the Election results were announced???? I personally dont know of any hard and fast rule for the Gaps.....
Dear girish, What is the fundamental reason for nifty moving without any resistance , And there is a gap between 5630-5680 when it will be filled
Nift has moved up 500 points without a correction....... so it will be futile to think that it will go further without a dip........ todays fall from 5838 spot to 5775 spot is more than 61.8% retraisal within the fifth wave.... in all probability we will witness a selling tomorrow....... in case we are able to cross todays high of 5838 spot then expect nifty to make a high somewhere between 5950-5150....... Book profits on the rise to buy back on the dips........ if todays low is broken then hold the shorts with 5850 Spot as SL....... tgt will be the same as mentioned below.......
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