Nifty is at a very crucial stage and may go any where. Times like these are the testing events for any method to show its reliability. Given the situation I was resisting myself from posting anything today, but then I thought of putting this method and reliability to another test, which will be the first public testing.
Here is what I perceive for 13 October 2014:-
0945 : High zone, expect 7890
1050-1055 : Low zone, expect a test of 7815 and a possible breach. If breach happens wait for an update or follow your own methods for trade.
Subsequent zones are with a presumption that 7816 will be held and will become doubtful if that is breached.
1220-1230 : Another low zone. The between 1055 and 1230 will be defined later. Going by these, it appears that Nifty will test 7780 by 1230 although it is a little premature to state that.
High zones are not visible right now but they will get defined tomorrow. The earliest high zone visible is around 1300 on 14 October but that, I am afraid, will change tomorrow if 7816 goes.
Outlook remains bearish and targeting 8540 may be held for some time.
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