On 19-02-2009 also the markets remained in the positive region
as was forecast and there were quick recoveries also because of
the positive wave . The opening remained strong as told and at midsession
the market was at its bottom.Nse nifty graph agrees with our forecasts.We
made a small mistake in overestimating the day's positive wave against the
month's negative wave and nifty could make a peak of + 26 points only
against the expected 60 points as the impact of the day's negative waves
were felt almost fully under the influence of the main negative wave.
We are now giving the forecast for today.In intraday a bearish wave is
prevailing from 10.12-14.51 which will manifest at the nagative points given.
positive points:10.12-10.37,11.02-11.28,(mixed or negative 11.28-12.19),12.44-
13.09,14.00- 14.26 etc. The effect of the positive points may not be felt high.
negative points: 09.55-10.12,10.37-11.02,11.28-12.19,13.09-13.35,14.26-
14.51,15.17-15.30 etc.
Nifty likely to get support at 2783,2779,2770,2751,2736,2721,2713 ETC.
and resistance at 2792,2795,2798,2805,2808,2823,2839 ETC.
These forecasts are given for general information only.All market actions will
be at the individual's own risk.
Vidyabhaarati.
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