Thursday, October 9, 2008

Nifty pauses at Chatustruti Daivatham level and returns

As opined in the last post dated 6-10-08, Nifty moved downwards and paused at Chatustruti Daivatham level at 3348 ( exact point at sun outage period was 3353) on 8th October, 2008 and returned to close at 3514; a recovery of 66 percent or 184 points. Nandi is unable to explain why he used the word “pause” and why Nifty was at that point at the time of sun outage the period Nifty was frozen. Now looking forward a small up move may be possible and that may terminate in the Shadjam bandwidth ie. 3800-4100. Let us see what really happens.

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