I had little more time to sit for analysis and thought of crosschecking my findings, got through the equidistant channel analysis on my Market status report. The chart shows the timing symmetry (the Rhythm) of NIFTY. Look; how precisely it gave turning points. Notice the small circles marked at turning points (vertical lines). So, there is a high chance that NIFTY touches 5120 on 10 Feb 2011.
The Weekly Analysis matches, the trend line matches and why not the Timing symmetry.
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Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
