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UPDATE ON 16.11.09 AT 11.00 AM
WE R VERY CLOSE TO 80% RETRACEMENT LEVEL 17061 OF FALL FROM 17493 TO 15331. ON CROSSING THIS LEVEL ONLY MKT CAN GO FOR NEW HIGH OTHER WISE WE CAN SEE CORRECTION.
WATCH FROM SIDE LINES FOR SOME TIME AND ACT AS PER FURTHER MOVES
Hello Pankajji
ReplyDeleteDo you see correction or up move. wht will be the levels for either sides
Regards
Amish Desai
Dear Amish,
ReplyDeletemarket is poised at an interesting stage. as per bullish view if we cross puple trendline on higher side we can see more upmoves. majority of mkt participants must be expecting like this.
but most proabably we must see a correction from here. as per bearish view we might have completed upmove started from 15331 at 16910. if u observe high levels of sensex in last 3 days r very close to gann turning dates high of 16888.i am personally on bearish side.
Pankaj Shah
thnaks for tour view
ReplyDelete