Monday, December 13, 2010

Nifty spot


I think we r in C wave pattern which should be in 5 wave pattern according to EW method. but if the price line cross the 6000 levels again then it may be convert in bullish pattern so any bounce back will be the good opportunity for creating short position with the tgt. of 5400/5300 according to Fibonacci Resistance.

if u r talking about in HR. chart then we could see some selling pressure below 5795 tgt. 5740-50 levels. then upward till the levels of 5950 with sl 5717 .

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