Thursday, June 12, 2014

Nifty 12th june

Hi friends,
                  Nifty scaled new high 7700 and retraced fast ,Lets see the structure of the fall
Let me put the latest chart in a lower timeframe.
Nifty 12th june
From the chart we can see 
a small abc followed by a x
wave and x wave is now followed
by another abc.
The c wave targets are given by yellow dotted lines it can reverse from any
of those levels 7560-7550
remains a strong support.



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