Pages

Thursday, September 25, 2014

Nifty Astro Technicals September 25, 2014

Nifty is moving towards a 1920 bottom....Possibly a reverse irregular flat in the offing.Current leg is b of e. So c of e should move towards exceeding the 8180 levels,  possibly go to just short of 8200.

6 comments:

Alok Daga said...

Hi Suresh - any timelines for this move to ~8180 levels?

lalitlk said...

"towards a 1920 bottom" ??
Or do you mean to say 7920 .

Vinay said...

7920 broken. any change in view now?

Tekkiesuresh said...

Hi Alok, I would first wait for the bottom to be formed and a reversal to develop, before hazarding on timelines.Even if we wish to go long, first a temporary bottom has to appear.Probably over the week end, a cleare picture may emerge.

Tekkiesuresh said...

Sorry. I actually meant 7920. Please see the follow up chart for some more details.

Tekkiesuresh said...

Vinay, we should allow for charting imperfections and intraday volatility, when such price projections are given.7912 is still a valid price point from a 7920 point of view. However, I have charted using closing prices. Please have a look at the follow up chart.