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Wednesday, February 29, 2012

Nifty HnS ( chances of 5238 )

First this chart in 10min TF.



Vipani expects 5238 ::http://marketsmusic.blogspot.com/2012/02/kaprekar-numbers-again.html

These FREAK trades occured 2 times last year . And both of times Nifty touched the figure. So expect 5263 in Nifty futures.
Gold and crude sold hard yesterday . Not good for other asset classes too.

Also high premium although it got decreased yesterday a bit. 5 hour charts are looking bearish . And looks like my analog will work and nifty Futures will hit the lower daily bolinger band.

http://markettechnicals-jonak.blogspot.com/2012/02/nifty-correction.html

So changing my views from yesterday. We will go long once nifty is 5240 area.

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