Follow To Stay Connected

TIME

HOW TO EARN RS.1CRORE

Wednesday, August 17, 2011

NIFTY STRATEGY - AUG 17TH

 
Yesterday our Hurdles were at 5138-5149 levels.
It kissed 5139 & crashed vertically.
Our Support was at 5087-5070.Once broken 5070…..our Target was of 5019-5002 level.Just see it kissed 5006 & closed at 5027 level.
-Just watch 5002 level-
Decisive Break below 5002 with volumes and stays below this level for 5-10 minutes then ??
Watch slide upto 4952———4935 level !!
(Last week we had given hint that WEDNESDAY will be a Crucial Day )
*Time Goal indicates ,Today we can hit short term bottom ??
Hurdles at 5060-5073.
Decisive crossover above 5073 with volumes will create unexpected short covering in market.
Rally upto 5114-5127 not ruled out.
(Again writing either Today or Tomorow will see short term bottom and sharp rally not ruled out )
-Three Consecutive close below 5062+ Weekly close watch Bloodbath of life !!
 -Below 5175 level……..We had entered in BEAR MARKET !
 -1:1 Target :4826 level.
 1.618 indicates :4100 level.
 -Just see 2 TRIANGLES (Broken downside )
 1)Height is 1174 points :Target comes to 4000 level.
 2)Height is 825 points :Target comes to 4350 level.
 -Trendline connecting 2228 & 2525…….support comes around 4500 level.
Will Update more to our Subscribers during Trading hrs.