Dated :- 07.03. 2016 NIFTY SPOT : 7485.35
Hi,
Readers,
HAPPY MAHASHIVRATRI.
Kudos again.
Nifty moved exactly as
was mentioned by me in my previous blog dated Feb. 28, 2016.
Wherein it was clearly
mentioned that be a buyer till Nifty is closing above 6960 and 7412 is
expected. On Feb. 28 Nifty was at 7029.
Same happened. Nifty
even moved much ahead of target and made a high of 7505 on Friday.
The analysis was bang
on!!.
This is the power of
technical analysis.
It is all GOD’s grace.
Now What :-
Now when the target is
exceeded and Nifty made a high of 7505 that too very quickly.
It is prudent to book
full profits and step aside.
Profit who hai jo ghar
a gaya.
Now wait for Nifty to
settle down after its mammoth rally.
Till than enjoy the
profits.
On my charts 7608 to
7823 is expected to act as major resistance area and major tussle area. That
area will be the real test of this movement of Nifty. Till that area is not
taken out comprehensively I do not expect Nifty to stand up.
Enjoy the profits.
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