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Thursday, February 23, 2012

Channel Broken - Preparing for another Fall???



As written Yesterday Nifty finds the Support at 5461 today and Jumped upto 5537 - Thanks to Expiry Day today. 5427 Gap is Yet to be filled. Note that Nifty has Broken the Channel which started from 01st Jan, 2012 and closed below that.
Now 5427 gap left to be filled.


At the same time - Nifty also formed a Head & Shoulder Patter on 5 Min Chart. If 5453 gets Broken then a 167 Point fall can't be ruled out. Target should be around 5286 or 5280. So Lets wait for the Interesting Days ahead. Cheers!!!