So here i am still trying to understand the markets and voila.. the time frame aspect already told me that there will be a major ( 80 week) bottom around novemebr time( although that came in decemeber).But thats the fine tuning i need to do.
Right now as of today we will be going in for a shorter cycle uptrend.. and come back in next one month to see these lows again. But we are in uptrend overall atleast till for next 5 months. and then the fall will start. The price targets are somehwere near 5900-6000. The nifty cannot make a new high this year or next.
It will keep grinding at this broad range of 6300-4500. But for traders thats the best we can get.
Planning to purchase some kind of software where i can do the calculations and price targets automatically.
Let me know if you know of any software.
Tuesday, March 6, 2012
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