Buy september nifty 5000 call @ 65/70 level with sl @ 40 or Agust nifty close below 4465.
If somebody done with good skill he might get best returns.
Nifty has closed above 100 ema since Jan 08. SO tgt of 4722 can be achieved.
Take your own decision.
Monday, August 11, 2008
In Jan we got high of 21206.
1)sensex corrected to 15332== fall of 5874 points
2)From 15332 rallied upto 18895== rise of 3563
3)From 18895 to 14677== fall of 4218
4)From 14677 to 17335== rise of 3058
5)From 17335 to 12514== fall of 5221
6)From 12514 to 15130== rise of 2616
a)first upward rally was 61.8% of fall
b) second upward rally was 75 % of fall
c)third wich is on has rallied 50 % (upto 15130) so farprobabilities.......
i)it can rally up to 61.8% means 15740
ii) it can rally up to 75 % as earlier= 16430
iii) to cross 61.8% there is a gap of 15259-15390
iv)if it cross 61.8% then there is earlier high 15789
v) if it also cross then it can achieve 75% as earlier which is 16430
MORE TO REMEMBER
i) if this rally gets upto 61.8% means 15740 then it is bigger than earlier
ii)can we assume on this that bear phase is over?? cant say.cause the fall afterwards must be smaller to get the correct inference, and for THAT the comparing number is 5221.(which is earlier fall)now suppose bear phase is not over will it fall bigger than earlier and to this level for technical reasons??IF YES THEN SENSEX CAN TOUCH 10000/10500 LEVEL(15700-5221=10479) AND WHICH IS DUE FOR CYCLICAL LEVELS(EIGHT YEAR CORRECTION CYCLE).so the top of current rally and then next level is more important.means it will take another 3/4 months.and bear rally takes at least 12/18 months to complete. then there might be concolidation which will take 4/6 months.so to began bukk run again one has to wait for march 09. of course this is I am saying on current rally and next assumed developments.
1)sensex corrected to 15332== fall of 5874 points
2)From 15332 rallied upto 18895== rise of 3563
3)From 18895 to 14677== fall of 4218
4)From 14677 to 17335== rise of 3058
5)From 17335 to 12514== fall of 5221
6)From 12514 to 15130== rise of 2616
a)first upward rally was 61.8% of fall
b) second upward rally was 75 % of fall
c)third wich is on has rallied 50 % (upto 15130) so farprobabilities.......
i)it can rally up to 61.8% means 15740
ii) it can rally up to 75 % as earlier= 16430
iii) to cross 61.8% there is a gap of 15259-15390
iv)if it cross 61.8% then there is earlier high 15789
v) if it also cross then it can achieve 75% as earlier which is 16430
MORE TO REMEMBER
i) if this rally gets upto 61.8% means 15740 then it is bigger than earlier
ii)can we assume on this that bear phase is over?? cant say.cause the fall afterwards must be smaller to get the correct inference, and for THAT the comparing number is 5221.(which is earlier fall)now suppose bear phase is not over will it fall bigger than earlier and to this level for technical reasons??IF YES THEN SENSEX CAN TOUCH 10000/10500 LEVEL(15700-5221=10479) AND WHICH IS DUE FOR CYCLICAL LEVELS(EIGHT YEAR CORRECTION CYCLE).so the top of current rally and then next level is more important.means it will take another 3/4 months.and bear rally takes at least 12/18 months to complete. then there might be concolidation which will take 4/6 months.so to began bukk run again one has to wait for march 09. of course this is I am saying on current rally and next assumed developments.
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