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TO SENIOR/JUNIOR ANALYSTS OF MUDRAA-Mrs G.V
| From : Mrs Gopal Vadivukkarasi at 03:02 PM - May 08, 2011 ( ) |
Share it on FacebookRequest to all senior/junior analysts of Mudraa,come here and share your thoughts on my observation,which may save many of our friends hard earned money.Particularly I want the most respected Hemant ji,Sivakumar ji,Rocky ji,Lalit ji,Krishna Agrawal ji,Sainath ji,Leena sebas ji,Subramanian.V ji,Rajesh jindal ji,Parvinder chawla ji to comment on the chart below
Fig: BANKNIFTY WEEKLY CHART-HEAD AND SHOULDER
Fig: NIFTY WEEKLY CHART-HEAD AND SHOULDER
Fig: Banknifty Weekly chart on a verge of a breakdown
Fig: NIFTY ON A VERGE OF BREAKDOWN IN WEEKLY CHART
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IF THIS CHARTS ARE STILL VALID THEN
"Lets see if Nifty breaks 5360 then 5120 will be only one hurdle between your tgt. I dont see any major support except 5120 in between."
Thankyou Goldy ji for giving your views on the weekly chart.
GM MAM
I AGREE WITH UR CHARTS.... I ALSO BEARISH IN CURRENT YEAR ( 2011) OR TILL MARCH 2012..
THX
I missed to mention Goldy Malhotra ji,Sir please give your views on this weekly charts.
Thankyou Guru ji for giving your views on the weekly chart.
Thankyou Sainath ji for giving your views on the weekly chart.
Hi,
Just saw this thread.Thanks for your invitation.
Now about your charts and possible moves in Nifty and Bank Nifty.
As you have given very good charts, here i will try to give reasons which could lead to these moves.Some of reasons i have given in my - Market Outlook thread.
Forthcoming state election results can play very important role.It will act as trigger to move above 5630 or below 5360. And any close below 5360 can create panic not only in traders but also institutional investors. And if this happen large selling pressure may come in Index based scrips.
I am bearish in bank nifty ever since it broken 13200.And i maintain that view.Rising interest rates, slowing growth, less govt. spending are some reasons behind my view.Today also SBI raised its lending rates.
Lets see if Nifty breaks 5360 then 5120 will be only one hurdle between your tgt. I dont see any major support except 5120 in between.
Best of Luck.
Just kidding ma`am. I am just a humble guliable intraday trader..
Dear GV Madam,
I had just seen this post on your analysis of the Nifty - even though 3 days after you had posted it. I am contributing whatever little knowledge I have on technical analysis to your post.
Nifty had given a W formation between end 2008 to mid 2009 with the distance between the mid-tip of the W and the top tip being 1584 points.(4731 - 3147). Nifty just completed the upmove of this distance in end 2010 at 6343.If you draw a trendline after the W, you will see several multiple bottoms on the trend line, with the points shown by you representing the H & S formation - hence looking at the H & S formation in isolation is not correct.
Nifty is forming an ascending Wedge from the top of 6346 and bottom of 5181 - with the bottom of the wedge at present being around 5400 levels and th top being at around 5800 - 5850 levels. There are two strong resistances at 5680 and 5750 that Nifty needs to cross - hence I am not necessarily bullish on the Nifty - but am not pessimistic about it. This is my view as a 'wet behind the ears' analyst. My apologies if there is any error in my analysis
Thankyou Rocky ji for giving your views on the weekly chart.
Reg chart this is not head and shoulder pattern........secondly.......nifty possibility of going below 5300 is only 10%
options data not favourable..third its oversold market so nifty will not move down without a move upside......your chart confirms down trend only after closing below 5280..which i feel ,,,,,,,cannot come before next 10 days........
orry 4 distrub..........
if doubt,stay out.....
try 2 catch intra,,,,,,
go 4 long arround 5600 first
Slightly offtrack
Whether Nifty is up or down, some stocks really give opportunity as bull, bear oe alternatively both.
Today.s example: Eicher Motors, TTK Prestige, Amrutanjan, SKS Micro, Jublfood, TRF..............
Samouel ji,
Sorry Ji,I forgot your name,pardon me and give your valuable views.
As you had not addressed me. I am unable to share my views !!
From : Mrs Gopal Vadivukkarasi at 03:10 PM - May 08, 2011 (16 hours ago)
If "A" wave=(6338-5177)=1161
"B" wave=(5177-5945)=768
"C" wave="A" wave=5945-1161=4784 (or)
"C" wave=1.618*"A" wave=5945-(1161*1.618=1878)=4067 (near Head and Shoulder Target)
These are also my observation,do your own analysis before taking any decision.
I thank Respected Hemant ji,Krishna ji,Sivakumar ji,Leena ji and everybody who participated in this thread.
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