Friday, 7 October 2016

NIFTY's trend (7th Oct,2016) - Likely to bounce back...!

Dear Friends, Good morning

Well ! Once again we have witnessed the power of our indicators signal 8730 to 8780 range...!
Surprising once again...!!! 

The way it got retraced at this zone , indicates the next rally is about to begin ...! very soon....! Remember the rally of 7777 to 8666...!??? 

We may get something similar to that .... I am sensing the strong pivot made at 8778 zone.... for our easy remembrance we take it as 786 magic... So, we take 8786 is our new pivot...! Expecting a 500 points swing based on this pivot....! So, let's get prepared for the range of 8300 to 9300 zone.....!

The overall width is now aligned to 7777 on lower side & a vow ..vow...10,000 on higher side..........)

As per my indicators, signals are showing once again a deep green this time...!
Nifty is almost bottomed out - now it is showing 8680 range , at the most it is likely to get bounced back from this zone of 8660 to 8680 range.... our immediate target will be 8750 to 8780 range & all the way it is going towards 8862 ....!

Mid term position is aligned to 8521 on the lower range - still intact & 8860 to 8909 on the higher side...!


With kind regards,


Rishi

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7 comments:

  1. Thanks for the info....

    Om siva siva Om....

    ReplyDelete
  2. Dear sir,

    Thanks for the information sir.

    Venugopal Marimuthu Mumbai 400088.

    ReplyDelete
  3. Dear Rishi Sir deep green will follow after testing 8521 near term more chances for red.Eagerly waiting for share holders and directors update...

    ReplyDelete