A new series started with rather bad note ,with current position is falling out side the Expected Zone at (15100~15200).
HTML:
DAY LOW~HIGH
======= =========
1 to 6 Approx...50Rs to 500Rs
7 to 11 Approx...40Rs to 400Rs
12 to 16 Approx...35Rs to 350Rs
17 to END Approx...30~15Rs to 300~150RS
This is not based on ANY formula , but on just observations of last few days.
It did happen on couple of occasions.Generally it happens at the start or at the close
of the series.Last time it happened in AUG'13.The series started at 10614
and ended on 8904.Just before Rajan took over.The market was in highly bearish phase.
No conclusion can be made from this because it is highly dependent on the market conditions
prevailing at this juncture.
The Expected Zone has expanded upwards to (15100~15600) from (15100~15200).
HTML:
DAY LOW~HIGH
======= =========
1 to 6 Approx...100Rs to 600Rs
7 to 11 Approx...40Rs to 400Rs
12 to 16 Approx...35Rs to 350Rs
17 to END Approx...30~15Rs to 300~150RS
This is not based on ANY formula , but on just observations of last few days.
Please note there is a change in boundary definition.
The Expected Zone has expanded upwards to (15200~15700) from (15100~15600).
HTML:
DAY LOW~HIGH
======= =========
1 to 6 Approx...100Rs to 600Rs
7 to 11 Approx...40Rs to 400Rs
12 to 16 Approx...35Rs to 350Rs
17 to END Approx...30~15Rs to 300~150RS
This is not based on ANY formula , but on just observations of last few days.