Thursday, April 05, 2012

Get Set Go

As I wrote on Wednesday, closing was above 5320 as sw(2) seems to have completed as marked on chart with a-b-c, 'c' has retraced 50% of 'a'. Also a valid break out above the channel seems to be encouraging for Bulls. Monday Bulls should break above 5365 to break the above channel to 'Get Set Go'

Above Eod Chart shows sw(4)or(B) got completed and sw5(3) or sw(C)(3) should start if 5306 holds next week. Wednesday nifty touches 50dma (5307) and closes above is a good sign for Bull. Next week if Bull able to cross 5365 then "Get Set Go"