The setup for tomorrow:
Possibilities
My fav : Can swing between 7900 and 8250.
Other bearish possibilities : Can take Nifty below 7500.
Possibility of a lateral 4th wave as CT : Can keep moving between 7960 and 8500.
Not to forget the aspirations of a new high, which I am not charting here.
Trade bearish, with SL of 8350 initially for a target of 7925/7800/7500
Trade bullish, with SL of 7960, at 8080 for a target of 8450/8550/8700+.......9200
I am expecting a bearish tone till mid Jan, then a rise till end feb to mid Mar and then a substantial drop.
God knows if a Harshad Mehta or Ketan Parekh will surface by then. SEBI has already barred 260 entities from markets due suspicions of money laundering.
All the best.
Sir ,
ReplyDeleteYour mid jan-mid march time frame inspired by astro ? or ? If possible please give chart for time predictions...
Regards,
:)
ReplyDeleteWhy astro only?
There will be a day when I will tell you all in detail. As of now, it is not feasible for me to write much. Even for these posts, I have to stretch myself beyond I can handle at the moment. Apologies and may be some day later.
thanks falcon
ReplyDelete