Tuesday, February 28, 2012

Go Up to Come Down????

Yesterday Nifty done sw[A]-Low made 5268.45.
Started moving up today for sw(B). As shown on Chart Nifty today took support at 23.6% at 5353 level and closed at 5377.6. Next level should be 5406 of 38.2% as shown on chart.

As shown on chart - if Nifty remains inside this channel - no need for worry.
Possibilities of reaching 50% at 5448 also there. So Interesting days ahead.
Lets wait and See