Yeah. It does look weak. An alternate bearish count: 6154 may have marked the point of major turn - this is 62% of the "A" as I marked? (I don't prefer this as there was no euphoria at this high) https://sites.google.com/site/krgishere/Home/Nifty-Jan-2011.doc?attredirects=0&d=1
do you see one more leg down from 6075 lvls?
ReplyDeleteKRG:
ReplyDeletethe stocks are still weak. i still expect lower levels to come.20400 kind of levels should be stiff resistances.
Vipul: The correction in Gold seems to be very muted and more like a running or flat. Any fresh thoughts on this?
ReplyDeleteKRG
ReplyDeleteits early days to say what type it will be .
its very range bound so far.
since i am not currently subscribing to neely's gold service, i cannot say what his stance is.
how r u seeing nifty now?
ReplyDeleteKRG:
ReplyDeleteit should come to 5550 or so initially as said before.
nifty is still weak and hence more correction should be there.
Yeah. It does look weak. An alternate bearish count: 6154 may have marked the point of major turn - this is 62% of the "A" as I marked? (I don't prefer this as there was no euphoria at this high)
ReplyDeletehttps://sites.google.com/site/krgishere/Home/Nifty-Jan-2011.doc?attredirects=0&d=1
cheers
what are the chances that Nifty has topped out
ReplyDelete