WHEN I WROTE FIRST TIME IN MUDRAA.COM IN MID JULY THAT, MARKET WILL FALL IN AUGUST TO 4900 . MANY MEMBERS WERE ASKING VARIOUS QUESTIONS. I DID NOT REPLY ANY ONE. NOW ALL OF YOU ARE SEEING WHERE MARKET IS. THERE IS NO SUPPORT OF FALLING MARKET, AND THAERE IS NO RESISTANCE OF RISING MARKET.
I HOPE ALL OF YOU HAVE MINTED MONEY. NOW SENTIMENT HAS BECAME VERY BEARISH. MARKET SHOULD TAKE SUPPORT AT 38.2% RETRACEMENT LEVEL WHICH IS AROUND 4772. MARKET IS NEVER GURANTEED, IT ALWAYS GIVE SURPRISES. THERE IS ONLY FOUR DAYS LEFT IN EXPIRY. IF MARKET SUSTAIN HERE WE CAN SEE MINOR UPSIDE TO 5100 LEVEL. BUT I EXPECT THAT IT WILL FALL TO 4672-4650. WHOLE MONTHS MARKET HAS FALLEN SO I DONT EXPECT THAT MARKET WILL CLOSE ABV 5000 LEVEL BEFORE EXPIRY.
SHORT TERM TREND IS DOWN
LONG TERM TREND IS DOWN
