Ultimate Target ,5309-5566 (Complete correction from High of 6336 to 2228 )
Have a eye on 5168-5208 level.(Unexpected Buying above 5208 will start ,it will have to close above this level for 3 consecutive days …then 5327-5367 )
-On 3rd December kissed 5191 & on 11th December kissed 5188.(So why to trade blindly and bark )..it should cross 5208 level.
-Not crossed and see from 5191-5188 crashed to 4972 as expected.
On Friday ,I had written 5068 is major Hurdle.Crucial support and last hope was at 4973.(Just see kissed 4972 & closed at 4986)
On 15th December at 5100 indicated triangle target of 4950.Already kissed 4972….Now ,What to expect ?
-Today ,Just have a eye on 4973 level.Decisive break below this level with volumes will create panic selling and nonstop slide upto 4900-4876 is not ruled out.
-Suppose not breaks Friday’s low of 4972 & trades above 5085 will take to 5016-5026-5039.
LAXMAN REKHA @ 5048.
Last week mentioned to sell Refinery Stocks…just see what happened in 5 trading sessions in HPCL ,BPCL and IOC.
-Have u enjoyed bloodbath of 600 points in Bank NIFTY or not ?
90% of Stocks are looking weak only.101% Exit from all Heavy Weight stocks.
-Yes its a Lethargic Market ,No volumes-No charm !!
