Monday, 29 August 2016

Nifty's trend (29th Aug,2016)

Dear Friends, Good morning

It is almost for a full month NIFTY is making the move with in a very narrow range of 8520 to 8730...! Though the signal was showing the range of in and around 8666 for a while, It was beyond any one expectation that it could be for these many sessions...!
Well, it a lesson & we need to move ahead...! 

As one of our friends rightly said, exactly when NIFTY was touching the peak of 9119 , it was just made within 5 sessions, from the range of 8650-8700 level...! So, there could be a replica for this time also........ even if it is not made immediately , it can be sooner...!

Well, as I have indicated earlier , as long as 8521 is intact, there will be again a bounce back...!

OK, if it is broken we have a multiple support level at 8485 and if it is broken, there could be a downfall till 8330-8280 & again there will be a pull back towards 8485 .....!

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Finally, after a long range bound movement, NIFTY is set for a heavy - uni directional move, those who have kept patience , will get highly rewarded...!

Let us wait for the golden moment, which can immediately set right the recent set back......!

Have a great day...!

With kind regards,

Rishi

Image result for motivational quotes

9 comments:

  1. Thanks for the update ....sir...

    Om siva siva om....

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  2. Thanks for the nifty update and the positive words Rishi Sir.

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  3. Thank you so much Rishi sir for nifty updates!!!!

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  4. Thanks for the update sir.

    Venugopal Marimuthu Mumbai 400088.

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  5. வணக்கம் அய்யா நல்லது

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  6. Dear Rishi sir looking for single direction move to come out our STM entries. It looks In red side. Red or green we need movement.வாழ்க வளமுடன்...

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  7. we will wait.Good things come to those who wait.

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  8. Respected sir,

    Thank you very much for your advise on Nifty trend. As you told 8521 is not broken there will be a chance to bonce back to new high. Today(30-09-2016) it is happening and now Nifty is 8678.

    with kind regards,

    Visvanathan N

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  9. Nifty zooms to 8740 ad you told.
    Congratulations ji

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