Bad experience with Spicejet, lost my baggage, received it next day in damaged condition, despite marking it as "FRAGILE"....suffered good financial loss, on top of that executive handling the case was very rude....

NIFTY hasn't been moving much over last few weeks and sort of stagnated, before making a new high around 5900 on 16th September. My view on India markets is that we have interesting times ahead and we will see HIGH volatility (TRADERS LOVE VOLATILITY) over next 6-8 weeks.

With my analysis and experience of NIFTY, September second half, full October and Nov 1st Half have always been exciting time for me. These 2 months had always been very kind and generous in rewarding me. I don't know if astrology has any connection with it as I start a new year in my life around this time, being a Virgo :)

Some pointers:

* From 25th May (4786), NIFTY has moved 1115 points in 115 days as on 16th Sep (5901). This is 150% of the Feb 8th to April 7th Range (724 in 58 days) in points and 200% in time.

* 5350 seems to be a strong support level. It has been tested 3 times: 20 July, 30 July, 31 Aug. Interestingly, it is very close to 50% point between 4786 and 5901.

* Based on the First Range out of bear market from 6 March 2009 (2539) to 12 June 2009 (4693), the next price target is 6100 (give or take 1% from this).

Conclusion (my view only):

NIFTY is expected to run down to 5625 by 22/23 September 2010 and it should trade around 6170 on 19th October 2010.

We should then expect it to run down to 5350 in 14 CALENDAR days i.e. till 2nd November 2010.

And then the big upmove to see NIFTY around 7600 level around Diwali of 2011.