Wednesday 13 November 2013

Weekly Projection November 11 - 15



On 24th October 2013 Blog I, categorically mentioned Book Profit on Every Rally Fall may Come any time. Be on Cash. Market from Top 6,342 on Nifty and on B.S.E. 21,321.

On 24th October 2013 Blog concluded with Sir Peter Lynch Quote. “Bull Market born on Pessimisms Grow on Skepticism Mature on Optimisms, and die on Euphoria. So best time to sell on Euphoria that what we are witnessed on 3rd November 2013 Diwali days. If you recall memories everybody is sure about 6,500 to 7,000 on Nifty (for details Pl. refer to earlier blog attached here with.)

24th October 2013.  Blog future projection comes in reality from Top Market hit Low on N.S.E. 5,972 & On B.S.E. 20,161. On 13th November 2013 fall of 370 points on Nifty & 1,160 points on B.S.E.

Now Market is having strong support around 5,950 to 6,000 on Nifty and 20,100 on B.S.E. Here Market will take support and Rally up to 6,200 – 6,250. Here Market is having stiff resistance.

So for now enjoy the rally.   (Still on Nifty 5,850 down target is pending)

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Disclaimer:- This Market view is given for M.B.A.Finance Students. Any Market buying or selling is done on basis of this write up and if there is any loss. Neither this Blog (write up) nor Ashish Thakur is held responsible for same. Pl. Note. Before taking any Buying or Selling position Pl. consult to your Financial Advisor.