On 17.03.2009 as was forecast upon the strength of the weak bullish waves Nifty went upto
2805.60 matching our predicted target of 270 points from the low of 2539 on 09-03-
2009 and then retraced to the day's low of 2739 under the stronger bearish waves once again
proving the validity of the technique. The correction signal was given from 10.16 itself as was
forecast.Today the market may bounce back in the morning as the bears cover and the bulls buy. Be cautious at the midsession between 12.02 and 14.57 when sharp reactions and volatility may be seen.This is a period of fire crossing petrol and water simultaneously.
Momentum changes my be noticed at 10.24,11.40,12.16,13.05,13.28,14.57 etc.
Today nifty likey to find support at 2743,2732,2721,2710,2695, etc and may face resistance at
2769,2786,2803,2812,2827,2849 etc.
These forecasts are given for general informations only. The markets can behave contrary also due to unforeseen forces.All market actions will be at the idividual's own risk.
Vidyabhaarati.
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