You must
read previous articles and watch above chart carefully to understand this
article completely.
Nifty
stand above 4956 and came close to the technical target of 4998. Now question
is what is coming next?
We need
to note few important point of this recovery.
- 4790 – I have updated this
figure well in advance when market was fall. It has almost taken “U” turn
from there with a low at 4788.95
- 4830 – We have not seen close
below this level yet.
- Today is the 8th day
after hitting 4788.95
Technical
indicators – long term technical indicator has turn positive at 4985 of Nifty.
Its is
very clear that if we manage to stay above 4998 then we has higher possibility
of testing a level which should be near to 5040
Split the
day in two parts. One is before European market opening and other is after
European market’s opening.
We will
have a top before European market opening which will be crucial. Question is
very obvious. Why? I have states this in past also that European market kept on
giving shocks time to time. Its might be another such day.
I heard
that now Spain
If we
manage to stand above the first half high (Below 12:30 pm ) then we may see some decisive and significant
advance on Nifty. Technical support will be at 4956 > 4940 > 4930. I hope
that we will not going to break 4930 so easily as of now.
DO not
forget that we are on 8th day of recovery today so nothing is
impossible in India
Depending
on market condition we will release intraday updates too. Till that time, you
can post your views also so that I can present better result for you. Intraday
posts are available on www.viecapital.com
only.
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Thanks
& Regards,
Praveen
Kumar
Mail id –
Praveen@viecapital.com
Mobile
number – 09893369889
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