Dated :- 05. 07. 2014

                                                                      NIFTY SPOT : 7751
      

 Hi,

Readers,

Kudos.

See the power of technical.

It was clearly mentioned in my previous dated 29.06.2014 (Sunday) Nifty movement is sign of caution for bears and if 7480 is not broken than Nifty shall rebound and that rebound will be sharp. See, Nifty did the same. Nifty rebounded sharply more than 250 point.

Those who have followed should have made good money.

Now What :-

Now Nifty is in euphoria mood.

Mark these words:- from now on, only and only use Nifty to trade. Do not be a long term investor in this Nifty. This Nifty will be vulnerable to sharp falls in the coming months.

Bulls are having great party from some time. Now the main course of the party is over. Only sweet dish is their which they are eating. After having party for a long time, the next natural process is acidityJ. And this is going to be very pain full.

See, the view is that Nifty is in last stages of making intermediate top. And after that top, the next correction; whenever it will come; shall be a very big one. It will be of the order of 8 to 10% in Nifty and can be more. Levels will be updated in due course as and when it happens.

Chart patterns are showing that intermediate top can be between current level of 7751 to 8148.

In coming week, we have a major market moving event i.e. The Union Budget which is a ‘pitara’ of hope this time. It has the power of giving opportunity to Bulls to have one extra sweet dish which may extend the top level of Nifty by few more points. But if this happens, the fall will be even more pain full.

Recommendation is to gradually close all (meaning ALL) long positions and park money in banks.

It is just a matter of time and level….. FALL IN NIFTY IS IMMENINT.

 

 

This blog is updated again just to correct date as it was mistyped as July 06, 2014. But today is July 05, 2014.