NIFTY VIEWS

NIFTY VIEWS

NIFTY IS MOSTLY TRADING IN A CHANNELL PATTERN IN 3 YEAR CHARTS SHOWN IN BLUE LINES

CHANNELS UPPER T/L IS VERY NEAR (MAY BE NEAR 6740) AND NIFTY MAY FACE SOME 

RESISTANCE NEAR TO IT FOR SOME WHILE

ALSO A BEARISH WW IS DEVELOPING IN NS CHARTS SHOWN IN RED LINES AND PT5 IS 

DEVELOPING NEAR 6700-6800 NS LEVELS AND PATTERN HAS TRGTS NEAR 5870 AND THAT 

ALSO 

INCIDENTALLY WILL BE SUPPORT OF LOWER T/L OF CHANNELL ALSO AND TRGT TIME IS NEAR 

ELECTION RESULTS TIME(INTERSECTION OF RED CONVERGING LINES)

PINK LINES ARE INDICATIVE OF RESISTANCE IN NIFTYS PATH!!!!!!!!!!

LOWER PINK LINE AND UPPER T/L OF CHANNELL ARE INTERSECTING(MEETING) NEXT WEEK AND 

THAT MAY GIVE SOME STIFF RESISTANCE NEAR 6740NS LEVELS.......

.

IF THIS EUPHORIA OF FII'S INFLOW CONTINUES THEN LOWER PINK T/L MAY NOT GIVE 

RESISTANCE AND NIFTY MAY MOVE UP TOWARDS UPPER PINK LINE AND THAT HAS HUGE 

TARGETS OF 7400+

WILL THE GRAND OLD ADAGE OF BUY ON RUMOUR AND SELL ON NEWS WILL HOLD TRUE AGAIN 

AND AFTER RESULTS THIS BUBBLE MAY BURST(POSSIBILITY IF NDA COULD NOT WIN MORE 

THAN 220 SEATS)