Nifty and Dow behaves on expected lines

There is a problem: When my calls become too perfect, I have less Learners. As PRISM has evolved from 75% accuracy to 100% and specially last one year, I have been forced to hike my training fee which was once, not too long ago, Rs 3,500. But then, it was a 3 day affair and was not backed by daily calls and support.

Now after a 10 fold rise in 4 years, I am afraid I am driving off Learners who cannot afford my fees. But as my system makes Intraday trading look like child's play (I am getting a little carried away there), I am enthused to raise fees.

Last night I had said of an improvement in Dow with some 120 points rise to 10,660. It was achieved today and Dow went to around 10,690 or so before profit taking came in.

Similarly, my bullish outlook on Nifty was also realised, albeit after an initial scary fall. That fall also ended exactly at 5019, the level I gave to my Learners in the morning. I had said yesterday, below 5017 there will be disaster. Fortunately, Nifty recovered sharply from there.

While in yesterday blog I had said above 5075 was a buy, this morning a better level presented itself at 5063. However, my target of 5121 was not achieved today but my Learners were given 5110 as the first target. Nifty returned from 5107 which conforms to PRISM's +/- 3 points for >100 points bounce back.

Nifty has bounced up from around 5048 during late afternoon correction. This is Bull level and as long as it holds, Nifty will be targeting newer highs, once it has crossed above 5076 again.

Dow pointing towards revival

Just now Dow broke out of an IHS and now the target is 10,660. Approx.

In case the target is not achieved, Dow will be doubly bearish and make new low.