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Monday, May 28, 2012

Fusion of Nifty


Taking a tip from Kirtanjee's "centre of gravity" (Facebook) , had a got a 'Fibonacci arcs" imposed on Nifty chart (centered on a gap down in August 2011) & captured. Another copy of same was turned (anti-clock wise) 180 degree & image above horizontal line erased & merged as above.
Fusion is the result as shown in the undernoted collage: top being 'half of chart' above HL, actual Chart in the middle, bottom being "Mirror image" (MI) of 'half chart'.
Notice A & B, as in MI squzed, in chart marked "A" & "B" with GOOD RESEMBLANCE.
 MI marked "C" yet to be charted out based on highs before 04/08/11, logically NIFTY lows done 4809, lowers 4600, 4379 & 4217 looks shattering but there r hopes in rising levels thereafter,


As it is almost ten months since 04/08/2011, rest of unfurling may take 13 (a Fibonacci number) months , i.e., by end of August 2012


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