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!!!
I analyse the markets as an elliottician.We are in the 4th wave correction.Today,a finished at 5460 and b started Minor 1 reached at 5537 and minor 2 seems to have finishe at5474?If so,minor 3 will commence and we can watch 5544 or 5564 tomorrow.This done c will commence and my target is 5395 or 5375.Here the gap will also get filled up and then the final fifth of the fifth of (1) will commence and we can watch at least 5917 levels in the month of March.
ReplyDeletehi Krish,
ReplyDeletewhat u r take now on nifty.. 5280 or some up side left