Blogging after a long time. This is for my Learners to understand the levels and what the future holds.
Nifty had gone up (approx.) 5106 to 5398. Then came the correction. It fell to 5162 and now made a small recovery. Yesterday I had given levels of recovery to 5228 and 43. It went up to 5225/6 and fell but today the level was breached. Just now (10.27 am) it is hovering at 5235. 5243 being the Golden level, one can expect nifty to come back from there.
Nifty had meanwhile fell to 5162 which is just about the breakpoint of the last level and hence I am looking at a fall to 5106 back again and even below. Sorry.
However, at the same time, there is an outside chance for Nifty to climb above 5247 in which case we will be looking at 5262 or even 5293 again.
However, at the same time, there is an outside chance for Nifty to climb above 5247 in which case we will be looking at 5262 or even 5293 again.
NET, NET, WE SHOULD SEE 5252 AT LEAST before Nifty goes for a correction again.
(All figures are for Nifty Futures, current)
JUST NOW OUT: RBI raises CRR, Repo and Reverse Repo rate by only 0.25% contrary to 1% expected. Should have bullish impact on the market.
This is NOT INTRADAY PROJECTION.
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