NIFTY ANALYSIS FOR 30TH OCTOBER 2009

NIFTY SHOULD SEE A BOUNCE BACK TO 4850-4900-4950 IN THE SHORTERM AND THEN THE RESUMPTION OF THE DOWNTREND.

AS PREDICTED EARLER, THE ENDING DIAGONAL TRIANGLE PREDICTIOIN NEVER FAILED SINCE AUGUST, STARTING IN JULY?

IN THIS AGE WHERE SO MANY ANALYSTS ONLINE/OFFLINE WHO CHANGE THEIR FORECAST LIKE TMRW IS A NEW DAY AND AS IF EVERYDAY MARKETS MAKE NEW PATTERNS, WHO END UP WITH SO MANY PREDICTIONS CONFUSING THE GENERAL PUBLIC WHO LOOK FOR GENUINE ANSWERS, WELL
SO HOW MUCH WILL YOU PAY ME FOR THIS PREDICTION AND ACCURACY?,I DONT NEED A DIME FOR THESE MEDIUM TERM PREDICTIONS, ALL IS IMPORTANT TO ME IS THAT YOU KNOW THE MARKET DIRECTION AND YOU DONT LOSE MONEY, I HAVE SEEN PEOPLE LOSE MONEY AND HOUSES GAMBLING THEIR WAY IN THE STOCK MARKET WITH NO KNOWLEDGE OR WRONG KNOWLEDGE FROM SO CALLED ANALYSTS WHO LOOK TO THEIR GAIN, EVEN AFTER GETTING PAID. VERY SOON I WOULD LOOKING TO START PAID SERVICES FOR STOCKS. BUT THE INDEX(NIFTY,SENSEX) PREDICTION WILL ALWAYS REMAIN FREE, SO THAT EVEN IF YOU DONT JOIN THE PAID SERVICES,YOU KNOW THE MARKET DIRECTION AND THAT YOU DONT LOSE MONEY. WISHING ALL OF YOU PROFITABLE TRADING.

THE CHART BELOW WILL SUPPORT MY VIEW OF MY PAST PREDICTION OF NIFTY:

WARNING..WARNING?, WE R CLOSER THAN EVER TO THE END OF THIS RALLY FROM OCTOBER 2008 LOW, SO BEWARE OF YOUR LONGS!!!

THE MARKET HAS BEEN FOLLOWING THE ENDING DIAGONAL TRIANGLE SINCE JULY TO PERFECTION AND NOTHING HAS CHANGED IN IT FORECAST, WE R AT THE LAST UPMOVE RALLY IN THE MARKET AND THE TARGET FOR NIFTY COULD BE ANYWHERE BETWEEN 5150-5300 OR AT 5150 OR 5300, 10-30 POINTS SHORT OF 5150 COULD ALSO HAPPEN, SO IT IS BETTER TO STAY OUT OF LONGS. THE CHART BELOW WILL SUPPORT MY VIEW.

ATLAST THE 3RD WAVE OF THE ENDING DIAGONAL TRIANGLE IS OVER, NOW WHAT NEXT?

THE 3RD WAVE OF THE ENDING DIAGONAL TRIANGLE HAS BEEN A LONG ONE AND A TIME CONSUMING ONE, BUT THAT DOESNOT CHANGE OUR VIEW OF THE ENDING DIAGONAL TRIANGLE FOR NIFTY, I HAVE SEEN SO MANY ANALYSTS ONLINE WHO HAVE KEPT CHANGING THEIR FORECAST AGAIN AND AGAIN, BUT I HAVE STUCK TO MY FORECAST SINCE JULY 09, AND NOTHING HAS CHANGED SINCE THEN, THE MARKET HAS BEEN FOLLOWING THE ENDING DIAGONAL TRIANGLE PATTERN TILL NOW. CHECK THE CHART BELOW TO KNOW WHERE WE R RIGHT NOW. THIS IS A LINEAR SCALE CHART TO MAKE THE CHART MORE CLEAR, ON A LOG SCALE CHART WE HAVE ALMOST DONE WITH THE 4TH WAVE OF THE ENDING DIAGONAL TRIANGLE.