Friday, March 30, 2012

>Nifty Analysis April

Nifty hits the first resistance area of 5650 and remained below that.
According to the wave structure we are probably in B leg .A finished near 5630
We are witnessing a messy fall from 5630 .I have resolved it as a triple zigzag

The above chart shows triple zigzag .Ideally if nifty fails to go above 5400
we should witness 4900-4850 levels in Z leg.