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Nifty Moved As Anticipated.
Anticipated on 23 / 09 / 2017.
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Anticipated on 23 / 09 / 2017.
An Abstract From our FB page.
The above pics clearly show that Nifty moved as per our anticipation. Again proving us right , showing respect to our Research and giving us the fruits of our dedication & hard work not only to us but also to our clients who have been a part of the family of Prudent Investments.
On 23rd Sep 2017, ( see right hand side bottom in pic 1 ); we gave our prediction about the possible upcoming move in the Indian Benchmark Index. Clearly mentioning the future targets. The Geo - Political events , continuous FII outflow, economic slowdown , technical breakout etc were the major factors for us to have a negative view on the market.
As per the current scenario T 5 in the above pic will act as the major support. This level at T 5 is also the 100 EMA on daily chart. Hence, if Nifty has to bounce back from here then this could act as a turning point.
However, if the downtrend stays persistent and market continues to fall, then the levels of xxxx could be seen, which have been sent to our clients and will be updated on our blog some time later.
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