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NIFTY indeed hit its bottom today..!!
When I posted on Feb 14th that the markets have found its bottom at 22775, there were many upvotes but I also received brickbats as if I committed a sacrilege. Since I posted on Feb 14th, markets went up by 190 points and then fell again back to 22725 today. The markets have since risen vehemently almost shy of 23000 today. My earlier prediction that markets will rest at 22700 (calculated based on the wave from Mar'23 till Sep'24 peak) **has been as accurate as it could have been.** *The markets indeed found its bottom today (Feb 17th) and it's going up from here.* The only reason I post in this group is that I felt I should share my high confidence analysis for benefit of those who do not have access to reliable technical analysis, which is hard to come by in India unlike US markets. I do not claim to be 100% correct at all times, which I know I wouldn't be, but it's about taking a high probability view, where and when possible. **I ask those who do not understand technical analysis and those who just go about gambling in the market without a reasonable basis not to post sarcastic and casual comments.** If that happens, I intend to stop posting in this group once for all and let me tell you it's not a loss for me.2
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