Hi Suresh - any timelines for this move to ~8180 levels?
Hi Alok, I would first wait for the bottom to be formed and a reversal to develop, before hazarding on timelines.Even if we wish to go long, first a temporary bottom has to appear.Probably over the week end, a cleare picture may emerge.
"towards a 1920 bottom" ??Or do you mean to say 7920 .
Sorry. I actually meant 7920. Please see the follow up chart for some more details.
7920 broken. any change in view now?
Vinay, we should allow for charting imperfections and intraday volatility, when such price projections are given.7912 is still a valid price point from a 7920 point of view. However, I have charted using closing prices. Please have a look at the follow up chart.