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Dear pkk07
I observed that you remains questioning every time, it will much appriciable if you put your views also about the targets that what do you think?...
How can a correction happen in a single wave ever? All waves are either 3 or 5 steps in EWT. Isn`t it?...
Dear hansal,
Thanks for your message. I am glad to be asked a very logical question. I would like to inform you that fundamental factors generate technicals. Eliott Wave would give different results using different fibo numbers. It depends on market forces and on the technical analyst that which support or resistance level is most likely to be reached. Indian Economic Fundamentals are so strong that Nifty refused to plunge below 4500. This level will now serve the ultimate support level for any future correction howsoever deep they may be. There is a plenty of upside. Application of Eliott wave theory gives me resistance for Nifty first near 5550 and then final range of 6300-6500 from where it will see major correction but even that correction cannot send Nifty below 4400.
Hope this reply satisfies your curiosity. If you have any doubt, Please do not hesitate to get back to me.
Thanks and regards....
i still am unable to understand why people invest in aviation stocks.what do they hope to ever achieve???shabir n contractor...
MARKET IS UNDER BEAR CONTROL STILL THE WORLD MARKET IS ALSO WEEK MONDAY TO FRIDAY IS ON CORRECIVE MODE MARKET...
itz the tym to buy suzlon, So Dont Wait.. target 120...
MM: The FIIs were net seller`s yesterday.. Dal main kuch kalla hain. They are pulling index up and selling? DII`s have been net sellers for almost 6-7 sessions, expect for yesterday. ...
One of the best engineering stock in the market. Though SUZ is going thru some difficulties about retrofit and debt issues. But i believe some issues attended and some are going to be resolved soon. So SUZ will be back on the stage to play the right role of renewable energy to the World of Energy. Thanks....
Indian market is always on its own or rather as FIIs decide. Global cues becomes handy to explain the market moves if it is in the same direction.
With an FII inflow of 75000 cr from Apr-2009, eventually the market will only go up. In between there will be a lot of ups and downs. As I said earlier, given the F&O expiry next week, there will be a lot of unusual moves. Market can go up vertically in the next few sessions against the global cues also. ...
why suzlon was beaten down? first it was defective blade issue then badly timed huge acquisition debts and lastly recession hit -ve results followed by promoter stake sell here. so recovery should be in same order. blade issue has been addressed successfully long back. acquisition debt with over 10% interest rate is being reduced by hansen sale. remaining debt soon to be replaced by cheap loans from indian banks with two year mart period. two recent orders are rays of recession end hope. i shall buy more....
TODAY IT FURTHER CLARIFIED THAT US DOW IS HAVING MINIMAL EFFECT ON INDIAN MARKETS!!...
Like those fraud gap openings, this so called stance of the govt, is as manipulative, and hence to be ashamed off in a free society....
ideas are very great......................................
for long term vew sujlon best by in dips near 65to 70 renge for one year prospective...
Dear marketman
Do you think Govt was interested to bring sensex from 21K to 8K ???...
