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U are Right that Nifty has to make correction.
Nifty Low on 775 4th dec 1996
High on 6357 as on 8th jan 2008
38% is 4224
50% is 3566
56% is 3200
my email id is
amit865@rediffmail.com
Hi AmitBhai
According to 8 Year Bottom nifty will correct by 50-54% SO i have a tgt of 3200 (+- 100 points )
Give me ur mail id we will have a discussion on this
Dear Bramesh,
Nifty Head & Shoulder pattern is their or failed, as per Nifty chart
Nifty is Making Wave 5 as per Elliot wave theory, and have PTI
(Profit Taking index is 67)
as per this market is heading towards 3200 it may take time of 3-4 months. Like Reliance, Reliance Petro, Tata Steel, Ranbaxy, Unitech they all are making Wave 5
Need your comments