must disclose u that i strongly feel that this is a technicall rally,
technical rallies r part of correction
now all things depends on strentgh of general public and big guns who r thinking that correction is completed.
if this is a technicall rally we will see the level of 3950 in coming month.
other case, lets suppose we have entered in a buying mode then we r moving towards 5000 in coming 3 months.
lets come to extreme short term, mkt is in overbought conditionprofit booking of 70_ 80 points bound to happen in both case
over all if we r in buying mode we r not going to break 4345 in any case( in near future)
if we break 4320 then expect 3950 in coming day.
in my view one shud buy if mkt. comes down with the sl of 4319(spot)
over all expect profit booking in near futureand if we break 4320 then only expect crash.
warm regards
technical rallies r part of correction
now all things depends on strentgh of general public and big guns who r thinking that correction is completed.
if this is a technicall rally we will see the level of 3950 in coming month.
other case, lets suppose we have entered in a buying mode then we r moving towards 5000 in coming 3 months.
lets come to extreme short term, mkt is in overbought conditionprofit booking of 70_ 80 points bound to happen in both case
over all if we r in buying mode we r not going to break 4345 in any case( in near future)
if we break 4320 then expect 3950 in coming day.
in my view one shud buy if mkt. comes down with the sl of 4319(spot)
over all expect profit booking in near futureand if we break 4320 then only expect crash.
warm regards