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| USDINR |
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| NIFTY SPOT |
4900 levels as a strong support as i told before .In today Another chart
pattern is in my mind which is--- 5 wave pattern of C wave for the tgt.
of 2000 levels .
1st pattern------ if nifty breaks 4720 levels then
we may see strong strong strong support levels near 4400 , then see
huge uptrend pattern.
2nd pattern----- if nifty doesn't break 4720 levels and back to 6300 or higher that levels the downside tgt. will be 3600-3700.
3rd pattern------ if nifty doesn't break 4720 levels and back to 6000 levels then fall, Tgt. will be 2000 level or 2008 year low.
USDINR---- It seems like Broadening Triangle formation which may be
completed near E wave as i indicated in chart and that could be 2nd wave
. if it is true then sure my 3rd pattern in Nifty will be happened .
Lets see.
Hi,
ReplyDeleteI have a question on your statements made relating to USDINR and NIFTY 3rd pattern expectations.
You have said that USDINR completing "E" near to 48, will allow NIFTY to follow 3rd pattern. But, how is it that Rupee appreciating from 51 levels to 48 levels will take NIFTY FROM 4900 to 6000 levels ?
Do you think that 1000 points movement in NIFTY will make Rupee appreciate ONLY 3 points ?
Kindly clarify.
Thanks in advance.
With Regards,