Dear Prabhakaran, Sorry for the delayed reply. I have posted some expected resistance and support levels in the recent post. 5512 to 5698 is the expected range. Now if we take November 29 specifically, that is when I expect the market to react downward since Nov 28 is a holiday.Around 5595 to 5610 could be the range. Having said this, I do not have the expertise or knowledge to tell you exactly at what point Nifty will close on Nov 29! Also I do not follow such specifics Prabhakaran. My aim is to broadly determine the market direction. Rest buying or selling is done based on the market action of the day. Iam also not an intra day trader. I am mostly positional. So if we get to see what is the specific direction market could take, that is more than enough for me.
2 comments:
sir i am following your astro technical chart. it is very good.
what is the closing target for nov'12 closing?
Dear Prabhakaran,
Sorry for the delayed reply. I have posted some expected resistance and support levels in the recent post. 5512 to 5698 is the expected range. Now if we take November 29 specifically, that is when I expect the market to react downward since Nov 28 is a holiday.Around 5595 to 5610 could be the range. Having said this, I do not have the expertise or knowledge to tell you exactly at what point Nifty will close on Nov 29! Also I do not follow such specifics Prabhakaran. My aim is to broadly determine the market direction. Rest buying or selling is done based on the market action of the day. Iam also not an intra day trader. I am mostly positional. So if we get to see what is the specific direction market could take, that is more than enough for me.
Thanks and Regards,
Suresh
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