Tuesday, March 20, 2012

Need a Strong Break Out for Bulls

As written Yesterday Nifty did not violated the 78.6% Re-tracement on closing basis as shown on Chart. Seems like a double bottom also. Tomorrow nifty need to break above the channel for a Interim Bullish as marked on chart. Above 5297 may give a Break out for up move up to 5335 / 5366 / 5397 & 5442. In Case of Breaking on the Lowe side as written Previously - this counts get Negated and Bearish counts should be Viewed. Lets Wait and See.