Saturday, May 24, 2008

The longer term bull case


Buy any dips to lower channel on the weekly charts.
Marked as green/light blue in this chart.
The primary support levels for the wIV are
33-38.2-50% retracement levels
which read 4680/4430/3930 on my charts
so basically 4.4k-4k massive buy area
sl 62% at 3.6k or the old low at 3.5k
which is like 12k sensex?
target will be 8k/10k/15k nifty for the wV when it comes

This dip is going to be the investment opportunity of a lifetime....
So while traders will try to trade it short
Investors should try to accumulate good shares at bargain valuations.

The Bear Case