Wednesday, January 22, 2014

Nifty Technical chart Presentation

Hi friends,
                   Nifty continues to hover in the same range not much happened from previous post
we had a small drop and now almost retesting that top.
The above chart pretty much says what i told you its hugging the upper resistance trendline
coming to a lower time frame we see following wave structure which suggests this
sideways movement can end any time now.
Broadly if the previous high ie e is not taken out any of the count can fit in blue one
would be nasty wheras green one would be a small correction max 6130 kind but if blue one
happens we are in for a deeper correction.This would get invalidate if we cross 6350.



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