Flashback
You saw it here http://jerrytechnicals.blogspot.com/2009/05/weekend-analysis-of-nifty-and-index.html.
"The week ahead should be really interesting because there is a fibonacci time cluster confluence happening on june 4 - june 8.
As traders, we should expect change of trend in this time period."
As expected nifty made a U turn on the fibonacci confluence date of June 8.
Readers of the blog would have made a fortune shorting mcdowell which fell from short level to 3rd target.
Bear Level
Short nifty at retracment level of 4503 with 4540 as stoploss for targets 4460, 4400, 4330, 4300.
Bull Level
Buy nifty around 4300 with stoploss at 4260 for targets 4380, 4420, 4450.
As i expect violent and volatile moves tomorrow, there are no stock recommendations. Let us just enjoy the profit made in mcdowell :-)
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