07 OCT 11: FESTIVAL MOOD IN MARKETS ALSO

• Hi guys as we told u on 4th october, the wave ended as per our analysis on time price...although it over shot our support zone by 50 points...but closed in there....

· the above chart by dear RCG ji says it all.. How ? lets see ahead...

• In the above charts i have tried to show all short to medium term channels in vogue...now see the blue triangle the lower end of that is exactly super imposed on the lower trend line of white channel...so there are 90% chances of what RCG ji is saying to be true...
• our next target comes to around 4950 breaking that level on up will take us to 5035 zone..but we can also expectt a down wave from 4950 starting 10 th october..lets see how much markets jump 2morrow and what trends unfold...good luck
• The green channel in above charts is the one in move as of now..that will govern important supports and breaking that on upside will call for end to this dull grinding phase...