Monday, February 24, 2014

Nifty enters the gap area

Hi friends,
                  Nifty continues to move up after small abc ,Its entering
the gap area and also the important retracement zone of 61.8%
and 78.6% ,Usually nifty reacts to this range before reversing.
Lets look at the chart.
So nifty should
resist 6190-6200
range above that
it can stretch towards
6260 ie it would try
to close the gap.
Lets see tomorrow
how 6200 range reacts

I of the opinion the upmove is corrective in nature,Above 6260 only i would
consider alternate count.


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