NIFTY TARGET 8614 IN 2014

28/11/2014 TARGET DONE AS TOLD IT IN AUGUST 2013
NIFTY 2014 TARGET IS AT 8614

WEEKLY CHARTS GIVE A MINIMUM TARGET FOR NIFTY IN 2014, AS FOLLOWS:
  

1) NIFTY START A FRESH RALLY FROM 2252 ON 27/10/2008 AND COMPLETED 4083POINTS RALLY AT 6335 ON 08/11/2010.

2)THEN NIFTY START CORRECT FROM 6335 AND COMPLETED CORRECTION AT 4531 IN 19/12/2011, LOOSING 1804POINTS 44% CORRECTION.

3)NOW ON GOING SECOND RALLY STARTED IN DECEMBER 2011 AND HAVE MINIMUM TARGET AT 4531+4083=8614. THIS MAY COMPETED BEFORE DECEMBER 2014 OR MAY EXTEND FOR FEW MORE MONTHS. 

Trends continue in the same direction until some force acts upon it to stop it or reverse it. My biggest money is always made when I shut out my opinions and follow the chart. My losses are when I fight a trend and start believing “It just can’t go lower” or “It just can’t go higher” trust me, YES IT CAN! Trade the chart, not your opinions, that is what the vast majority of all the top rich traders do.