Friday, August 02, 2013

>Nifty elliott wave analysis

Hi friends,
                   Nifty has broken 5800 and tested an important support zone 5680-5620 ,I expect nifty to hover here and attempt a rally towards 5850 or 5950 and then again resume downward journey.Be watchfull if shorting here shorts now only below 5600 or on upside.
Stocks have been falling like there is no tomorrow be very selective with stocks buy stocks only when nifty reverses don't try to be a early bird it can be injurious to ones financial health .There is nothing called cheap stock in bear market and nothing called expensive stock in bull market ,Trade wisely.

Happy trading


Hitesh said...

now that 5600 is broken downwards on closing basis can we go short? and could we have your analysis?

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