On 16-03-2009 ,as was forecast between 10.24 and 12.26 Nifty touched its low level of
2700 and then went up to 2780 . This again shows the validity of the unique time -
gravity wave technique of stockmarket forecast.
The short term wave is still bullish but on 17-03-2009 in the day chart the market shows weaker bullish signals and stronger bearish signals.This can create confusion and it may
be better to keep off trades till the trend is clear.After a rally of 250-270 points in nifty and 850-900 points in sensex the market may be ripe for a correction which may set in after 10.16.
Important momentum changes may be seen at 10.37,11.38,13.50 and 14.28.
Nifty likely to get support at 2769,2755,2725,2697,2673,2645 etc and likely to face resistance
at 2799,2821,2833,2857,2885 etc.
These forecasts are given for general information only. The markets may behave contrary also
due to unforeseen forces. All market actions will be at the individual's own risk.
Vidyabhaarati.
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