Nifty: Anticipated Happened

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In our previous article we had mentioned," Expect Nifty to move till 6050-6100 over short term as far as 5720 is protected on downside."- Bulls Eye!!

 We were very accurate in capturing the entire move of Nifty from 5850 till 6142 which happened on 19th September 2013. Thus achieving our mentioned level of 6050-6100 levels.

 We were continuously saying that Nifty has to move till 6050-6100 in many of our articles and reports. Nifty when made the high on 19th September 2013, was consolidating in a range of 5900-5800 before this day. However the entire world was bearish due to QE Tapering which was going to come of 18th September 2013. Unfortunately Mr. Bernanke postponed the date of tapering and as a result we saw 215 points gain on Nifty the very next day. It is always advisable to think objectively and stop following the crowd.
Elliott wave analysis and other advance concepts always helps to understand the current trend or the forthcoming trend. By using this concept we were very sure that Nifty will come to 6050-6100 levels. Despite of this major event we stood to our view and as a result we were successful in it.

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