Wednesday, August 8, 2012

Nifty Mirror Image

I was analyzing possible Nifty movement for rest of the week and suddenly I amazed to visualize that Nifty has indeed created a mirror image of self over period of 2 years.
Going by the this image, we can expect sharp down move below 5000 then consolidation of 9 to 15 days before moving sharply above 5500.
Image is self explanatory, please go through it.
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2 comments:

  1. sometimesbullsometimesbear11:22:00 AM

    Dhirendra LOL. The blog name is very original catchy and interesting :):).

    Also u have a good spread of data on ur blog.

    Thx for the good effort.

    Wish u the very best. Thx again.

    ReplyDelete
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