Nifty fall Short

NSE:NIFTY1M

Nifty 50 IndexNSE

Description

⋅ Sep 23, 2017 11:06 AM

Range 9100 to 8900
time frame 14 to 16 months

Trend Analysis Chart Patterns

Comments

a1b1

⋅ Sep 24, 2017 4:05 PM

IMO
Decline will be upto 9200/9100 levels and should be completed by Dec 17, itself.

And if it is to fall below 9100, then may extend to Jan 18
And if it is decline for 14/16 months then we can see 7000/6000 levels, no surprise

BTW, any reason that you see a decline for 14/16 months and that too with 9100/8900 levels only

biswajitjei02

⋅ Sep 25, 2017 4:07 AM

@a1b1, we can see support around 8900 level. and also when i analyse historical data it also says to 89XX.

a1b1

⋅ Sep 25, 2017 4:13 AM

@biswajitjei02,

Thanks

My query is not for levels, but for time period given by you.

Any reason that you see this decline to complete in 14/16 months

biswajitjei02

⋅ Sep 25, 2017 5:53 AM

@a1b1, same from historical data ..

a1b1

⋅ Sep 25, 2017 8:10 AM

@biswajitjei02,

Lets see how it pans out
But for sure, I am not bearish for this long (14/16 months)