Thursday, April 4, 2013

Nifty

NIFTY 1 HR. CHART

NIFTY DAILY CHART

Nifty did fall as i told before but it touched 5604 (  which is previous low in daily chart) as well as there is no bullish candle pattern yet so we should look for bearish at this moment till 5400-5450 levels for short term .
 
   According to 1hr. chart recent fall is in 5 wave pattern which indicates small bounce back , That could be add more short position at higher levels .
 

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