Market Next Week.
The Touchdown.
As expected last week, NIFTY broke down below the 200 Day Moving average but did not go for a breakdown below the bottom trend line “BT”. This breakdown is the most important one. Once this event happens, you may see an extremely fast move towards 3900-3800. I expect the touchdown by Jun first or second week.
There is not much to write at the moment, but wait for the touchdown…
Gold.: This too is poised for a sharp fall. It tried to break out over the 2009 high, and could only spike above it but could not sustain. Now it is undergoing a sharp fall. The fall is expected to continue further this week too and might last few more weeks.
Tweets @masterstrokes
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