Wednesday, April 16, 2014

Nifty breaks 6700

Hi friends,
                   In my last post had mentioned about the trendline support at 6700.
Nifty has breached 6700 eventually .
Lets see the latest structure of nifty move.
Nifty breaks 6700
From the top the structure
looks corrective ,We did abc
and did a small triangle x
and again finished a small
impulse a .Now since 6700
is breached nifty looks set
to test 6600,On the upside
6730 would be the resistance
to watch out ,For tomorrow
a revound is expected as we
finished a small impulse down

At todays low ,So a pull back is expected to test resistance towards 6700-6730.
Lets see how nifty moves .


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