Hi investors,

Market will open with a huge gap down today.
Nifty may fall to the region of 3720 in the morning
hour and then recover til afternoon. From the resistance
range of 3780-3820, it may again start cracking.

Best of luck...

Dear Jonas,

OK I give the following values of Nifty with corresponding
Dow Values. Please analyse


11100 = 4200
10900 = 4000
10400 = 3800
10300 = 3700
10150 = 3500
9650 = 3000...

Hi BSR,

I think that Dow`s movement is the key to Nifty now.
If dow holds 10,000. Nifty may bounce back from bottom
of 3500. If it could not, then Nifty may see 3000. Very
simple. ...

Hi BSR,

In your analysis, What is the final level of Support for
Dow ? Is it near 10200 or 9600 or down to 7800 ?

I have seen your ealier message which says that FII`s index
has fallen by 51% I could not fully understand this point.
But it gives some indication that market bottom is very near.
In my opion, if dow holds the level of 10,000, then Nifty
may not go much below 3500...

Hi lovemeall,

Thanks for your message. I find that very strong fundamentals
can change even technicals in very long run. But Technicals
hold their place and are not easily influenced by news flow in
short/medium term. This abberation is compensated by time delay
or accelration.

To make it simple to understand, Imagine Nifty bottoming out in
the region of 3000. If it does, then Peak will be formed around
its previous high i.e. 6350. In case Nifty finds its support, say
3450, then Peak may be in the region of 7300. These targets will
remian unchanged, however significant news flow will alter the
date of this target to an earlier or later time depending on the
type of information factored in the price.

Imagine further, Nifty bottoms out in the range of 3500 and we
see better than expected quarterly results, Opinion polls confirm
absoulte majority for BJP in coming elections, Crude oil easing
below $ 80, In such scenario, Nifty Target of 7350 will be seen
accelarated to an earlier time, say July 2009. However, news is bad
from all fronts, then this given target may be dealyed to say October
2009.

To elaborate this fine point further, I will quote a similarity
in 1939. After a massive crash of 90%, Dow was recovering fast
from July 1932. From low point of 40, it was destined to touch
1000. But on 01 September 1939, world war II broke out which sent
Dow reeling again and it fell 41% from 01-09-1939. Inspite of blood
bath and massive contraction in world economy, Dow stil recovered
to 1000, but with delay of couple of decades.

You or any prudent investor is requested to read it carefully,
If any question or doubt, I am ready to disucss it.

Thanks...

Hi Tarmac,

Double bottoms always ensure short rally or ultimate bottom.
But double Bottoms itself cannot guarantee start of fresh bull
run. Double bottoms occur frequently even in weekly/monthly charts.

To interpret the eventual bottom for market, you have to take
into account host of factors, which are:

ECONOMIC GROWTH RATE
CORPORATE EARNING GROWTH RATES
INFLATION RATE
INTEREST RATES
POLITICAL STABILITY
GLOBAL CUES.

These factros are the strongest fundamentals which ultimately
influence Technical Levels. But these are technical levels which
help us to pin-point the direction of the market. Markets/Stocks
tend to move in fixed ratios, Upward or Downward which are in turn
influenced by the fundamentals.

Keeping in vies the above noted factors, I conclude that
NIFTY will bottom in the range of 3450-3550. If this range
is broken, then it may hit 3000. Certainly not lower than
that.














...

Dear roameri,

3450--3600 range is very support zone for Nifty. If it
is held then new bull market will start or at least market
may not fall further. However if level of 3450 is broken
convincinly, then 3000 looks inevitable. The question is
Will it touch 3000 or not. One of the indicators will be
Dow Jones movement. If it break the support of 10200, then
it may fall down to 9600/7800 level. Acid test is, if Dow
closes below 10,000 even for one day, 3000 for Nifty is
almost sure. If that happens, next peak of Bull phase may
be formed in the region of previous high of 6350. If Nifty
bounces back from 3450-3550 range, then Peak of 7300+ is
possible. No definite time horizon can be given for the
formation of peak.

SURESH MITTAL...

HLN, Though very late, your magic figure of 3600 has become reality. It may not be a moment of rejoicing for thousands. Though I feel sad for them, please accept my appreciation for predicting the level which very few, including me, had believed. This success is truly yours. I read that you are working on a formula to predict accurately the time factor also. I wish you all the success on that front as well....

Congrats HLN. on nifty making 3600! As always, nifty daily behaviour along with timing is always an issue! :) Gud luk & happy investing! :)...

HEARTIEST CONGRATULATIONS TO Mr. SURESH MITTAL ON SEEING THIS THREAD SEEING THE SUNLIGHT FOR WHICH IT WAS CREATED MANY MONTHS BACK - TARGET OF 3600 HAVING GOTTEN ACHIEVED TODAY. However, my condolences to those who may have suffered badly today. Seriously my heart goes out to the small investors, may god give them the patience to see this throught. lovemeall26...

Congrats HLN. on nifty 3600 samona...

congratulation Hindlevernet . Keep it up .Is it your name hind +lever+net...

Dear Hindlevernet FINALLY market touches 3600levels that u have been advocating for quiet a while Congrats buddy Well DOW shud toss 4% to 6% low today and can break 10000levels shud find ground between 9200-9500 is what i feel AND we will move to 11000levels b4 settling down THIS week is tantalising specially upto thursday cheers Thaught i shud send u this message specially at point 3600close at nse and its subsequent break tomorrow...

congrats mr. hln nifty near by 3600,so many people are crying. ...